Dockwise Ltd : Dockwise launches mandatory offer for all the issued and outstanding shares in Fairstar

Dockwise Ltd. has resolved to launch, through its wholly-owned subsidiary Dockwise White Marlin B.V., an unconditional mandatory offer for all the issued and outstanding shares of Fairstar Heavy Transport N.V. (“Fairstar”) at a price of NOK 9.30 per Fairstar share.

The offer period in the Mandatory Offer runs from and including 15 May 2012 to 17:30 hours (CET) on 12 June 2012, and may be extended by up to two weeks.

The offer price is NOK 9.30 per Fairstar share, which represents a premium of more than 22 per cent compared to the closing price of the Fairstar shares on Oslo Børs on 20 April 2012, which was the last trading day prior to the announcement of Dockwise’s agreements to acquire approximately 54 per cent of the shares in Fairstar.

Pareto Project Finance AS and Pareto Securities AS act as financial advisors to Dockwise in relation to the Mandatory Offer, and Pareto Securities AS also acts as the receiving agent in relation thereto.

The complete terms of the Mandatory Offer are set out in an offer document dated 14 May 2012, approved by Oslo Børs, and which will be distributed to all shareholders in Fairstar with known addresses and that legally may receive such document and accept the Mandatory Offer.

The offer document is also available free of charge at the website of Dockwise Ltd. (www.dockwise.com), the website of the receiving agent (www.pareto.no) and at the office of the receiving agent (Address: Pareto Securities AS, Dronning Mauds gate 3, P.O. Box 1411 Vika, 0115 Oslo, Norway, Tel: +47 22 87 87 00).

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