Breda, the Netherlands, 12 June 2012. Reference is made to the offer document dated 14 May 2012 (the "Offer Document") published by Dockwise Ltd.`s wholly-owned subsidiary Dockwise White Marlin B.V. regarding the unconditional mandatory offer (the "Mandatory Offer") for all the issued and outstanding shares of Fairstar Heavy Transport N.V. ("Fairstar").

As announced on 15 May 2012, the offer period for the Mandatory Offer expires today, 12 June 2012 at 17:30 (CET). In order for a shareholder in Fairstar to validly accept the Mandatory Offer, a duly completed and signed acceptance form must be received by Pareto Securities AS (the "Receiving Agent") prior to 17:30 (CET) today, 12 June 2012, at the address below, by means of post, delivery, telefax or email:

Pareto Securities AS
Dronning Mauds gate 3
P.O. Box 1411 Vika
0115 Oslo
Norway
Telefax: +47 22 87 87 10
Email: tas@pareto.no

Copies of the Offer Document, including the acceptance form, are available free of charge at the website of Dockwise (www.dockwise.com), the website of the Receiving Agent (www.pareto.no) and at the office of the Receiving Agent.

For further information please contact:

Fons van Lith
Email: fons.van.lith@dockwise.com
Tel: +31 (0)6 51 314 952 or +31 (0)76 5484116

About Dockwise Ltd./Dockwise Group

Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than 1,200 people both offshore and onshore. The company is the leading marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms. The Group is headquartered in Breda, the Netherlands. The Group`s main commercial offices are located in the Netherlands, the United States and China with sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in Genoa, Italy. The Dockwise Shipping network is supported by a global network of agents. To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda and Shanghai, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and owns a fleet of 19 purpose built, semi-submersible vessels.

Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on NYSE Euronext Amsterdam under ticker DOCKW.