Dockwise launches mandatory offer for Fairstar

News - May 15, 2012

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Dockwise Ltd has launch, through its wholly-owned subsidiary Dockwise White Marlin BV, an unconditional mandatory offer for all the issued and outstanding shares of Fairstar Heavy Transport, at a price of NKr 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 represents a premium of more than 22 per cent compared to the closing price of the Fairstar shares on Oslo BÝrs 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 and Pareto Securities are acting 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 BÝrs, 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.


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