Recommended Offfer to purchase the remaining shares in Fairstar Heavy Transport N.V.

7/16/2012 1:33 AM EST

Reference is made to the stock exchange announcement 
by Dockwise Ltd. ("Dockwise") and Fairstar Heavy 
Transport N.V. ("Fairstar") on 14 July 2012, 
regarding their agreement on the recommended 
acquisition by Dockwise, through its wholly-owned 
subsidiary Dockwise White Marlin B.V. 
(the "Offeror"), of the remaining shares in Fairstar. 
The Offeror currently holds more than 95% of the 
shares of Fairstar.
The Offeror hereby makes an offer to acquire all the 
issued and outstanding shares in Fairstar 
(the "Shares") that are not already owned by the 
Offeror for an offer price of NOK 10.00 per Share on 
the terms set in attached document (the "Offer"). The 
Offer is 
made to all remaining shareholders in Fairstar who 
can lawfully accept the Offer.

For further information please contact:
Dockwise: Fons van Lith
Email:  
Tel: +31 (0)6 51 314 952 or +31 (0)76 5484116 

Fairstar: Ingmar den Blanken
Email:  
Tel: +31 (0)10 403 5333

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Profile Fairstar Heavy Transport:

Fairstar Heavy Transport N.V. is a leading provider 
of marine heavy transport solutions, specializing in 
high-value cargoes for the offshore and onshore 
energy and construction industries. Fairstar owns and 
operates three of the most modern semi-submersible 
heavy transport ships in the global fleet, FORTE, 
FJORD and FJELL. The 48,000DWT, open-stern semi-
submersible vessel FINESSE is currently under 
construction with Guangzhou Shipbuilding 
International in China and will be owned and operated 
by Fairstar when she is delivered in October of 2012 
respectively. Fairstar is based in Rotterdam and 
quoted on the Oslo Stock Exchange (ticker: FAIR).