Dockwise Inks 2 Contracts to Transport Semisub, Equipment

Dockwise Ltd. announces that two new contracts have been awarded to their subsidiary Dockwise Shipping for
the transportation of one of the largest semisubmersible drilling rigs and various floating equipment.

Dockwise Shipping will transport the new build 6th generation semisubmersible drilling rig Noble Dave Beard in 2009 as well as various floating docks and other equipment in 2008. The total value of the contracts is approximately USD$18 million.

All contracts will contribute to the aim of Dockwise Shipping to continuously employ its vessels at the highest possible utilization.

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