Sealift Ltd intends to list on Oslo Stock Exchange
This document (and the information contained herein) is not for publication or distribution in or into the United States, Australia, Canada and Japan.
Hamilton, Bermuda, 27 July 2007- Sealift Ltd ( the Company), the parent company of the Dockwise group of companies, intends to apply for a listing on the Oslo Stock Exchange. In connection with the intended listing, an offering of shares, consisting of both primary and secondary shares, is currently envisaged. The listing and share offering is expected to take place before the end of September 2007. The Company will be renamed Dockwise Ltd pending shareholder approval on 30 July 2007. The Company's shares are currently traded on the Norwegian OTC market with a market capitalization of NOK 5.3 billion.
On Monday, 30 July 2007, the Company will publish its Q1 2007 results at 08:00 CET; 07:00 BST; 02:00 EST.
Other dates: AGM 30 July 2007 Q2 Results Release 22 August 2007
About Sealift/the Dockwise Group The Dockwise group of companies is one of the world's leading integrated heavy lift services providers. Following its recent combination with its parent company Sealift Ltd, the Dockwise Group currently owns a fleet of 22 vessels, of which 17 are semi-submersible heavy transport vessels and the remaining 5 are due to be converted into semi-submersible heavy transport vessels. The Dockwise group of companies is able to transport the heaviest cargos over vast distances. In addition, the Dockwise group of companies provides its customers with high value added services such as engineering, project management and front-end engineering design, particularly in the transportation and installation of offshore structures business. This capability will be further enhanced after completion of the recent acquisitions of Offshore Kinematics Inc and Ocean Dynamics LLC. Such completion is expected to take place before the end of July 2007. The Dockwise Group of companies employs about 800 people worldwide and has a global network of offices in Bermuda (the Company's headquarters), Breda (The Netherlands, where the operational headquarters of the Dockwise Group of companies are located), Houston (Texas, USA), Shanghai (China), Shenzen (China), Busan (South Korea), Lagos (Nigeria), Fort Lauderdale (USA), Golfe Juan (France) and Genua (Italy), as well as 8 representing agents, the Dockwise Group of companies provides an extensive service network to its clients. For further information: www.dockwise.com
Note, not for publication For further information: Stefan Malfliet, Chief Financial Officer Jacqueline Lenterman, Investor Relations Tel : +31 (0)6 29 39 39 69
This announcement is not an offer to sell or a solicitation of any offer to buy the securities of Sealift Ltd, to be renamed Dockwise Ltd following shareholder approval, (the "Company", and any such securities, the "Securities") in the United States or in any other jurisdiction. The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or an exemption from such registration is available. No public offering of Securities in the Company is being made in the United States. The offer to acquire securities pursuant to the proposed offering will be made, and any investor should make his investment, solely on the basis of information that will be contained in the prospectus to be made generally available in Norway in connection with such offering. This communication is directed only at (i) persons outside the United Kingdom, or (ii) persons having professional experience in matters relating to investments who fall within the definition of investment professionals in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or (iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. Any investment or investment activity to which this communication relates is available only to and will be engaged in only with such persons. Persons within the United Kingdom who receive this communication (other than persons falling within (ii) and (iii) above) should not rely on or act upon this communication.