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Boskalis update share buyback

Papendrecht, 20 January 2020 In the period from 13 January up to and including 17 January, Royal Boskalis Westminster N.V. (Boskalis) repurchased own shares. The repurchases took place within the framework of the share buyback program announced on 15 March 2019. Click here for a complete overview of all individual transactions. Boskalis will publish a press release every Monday for the duration of the buyback program, provided shares were repurchased in the preceding week. Interested parties can subscribe to these press releases at ir@boskalis.com . An overview of the progress of the program can be found on www.boskalis.com/sharebuyback2019-2020 . FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Incident on board of FPSO in transit on Vanguard

Papendrecht, 9 January 2020 ‎Earlier this week, an incident occurred on board of the FPSO which is currently being transported by the Vanguard from China to Brazil. During the journey a contractor, designated by the yard, is conducting preservation works on board of the FPSO. These works are part of the pre-delivery activities by the yard before the FPSO is delivered to the operator in Brazil later this month. Six persons employed by the designated contractor, all with the Brazilian nationality, illegally consumed a cleaning liquid found on board of the FPSO. This liquid is a substance customarily used for degreasing purposes, presumably containing a mixture of ethanol and the severely toxic methanol. The affected persons reported this to our crew approximately 36 hours after consumption at which point serious signs of illness were becoming apparent. Swift and immediate action was taken by our crew. The Vanguard changed course towards the coast of South Africa and a medical evacuation by helicopter was organized. Regrettably one of the affected individuals passed away before the medical assistance was on site. The remaining five persons were successfully evacuated, hospitalized in Durban, South Africa and are successfully recovering from the intoxication. Boskalis expresses its deepest condolences to the family and loved ones of the deceased person. Boskalis would like to stress that it has a strict zero tolerance policy with regard to alcohol on its offshore vessels. The FPSO and Vanguard have recently resumed their journey to Brazil. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Boskalis awarded sizable FSRU contract in El Salvador

Papendrecht, 23 December 2019 Royal Boskalis Westminster N.V. (Boskalis) has been awarded a sizable (1) contract to connect an offshore Floating Storage and Regasification Unit (FSRU) to an onshore power plant in El Salvador. The contract was awarded by Energia del Pacifico (EDP), a 378-MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla, El Salvador. The project will commence early 2020 and is scheduled to be operational by the end of 2021. ‎ The project entails the construction of a two-kilometer-long gas pipeline connection from the onshore power plant to an offshore FSRU including the mooring and hook-up. This will include the construction of a micro tunnel from the power plant into the sea followed by the dredging of an offshore pipeline trench. With the aid of a construction support vessel (CSV) Boskalis will pull the 24 inch pipeline through the micro tunnel and trench. At the offshore location, a riser will be installed to connect the FSRU to the pipeline, in addition to an anchor spread with 11 anchors to permanently moor the FSRU in position. The final phase of the project involves the physical mooring of the FSRU and the FSRU hook-up. For these activities Boskalis will deploy a CSV, a medium-sized trailer suction hopper dredger and a backhoe dredger. With the development of this thermal powerplant, EDP will contribute to the diversification of the energy mix of El Salvador with an improved performance and reduced environmental impact. The lead project partner is Invenergy, a US-based leading global developer and operator of sustainable energy solutions, as well as several local investors. (1) For Boskalis, “sizable” refers to a contract with a value of EUR 50 – EUR 150 million. https://boskalis.com/ir/ir-policy.html FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 ‎ Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Boskalis awarded multi-year maintenance contract for port of Rotterdam in the Netherlands

Papendrecht, 23 December 2019 Royal Boskalis Westminster N.V. (Boskalis) has been awarded a multi-year contract for the maintenance dredging in Rotterdam, the Netherlands, ensuring the continued safe access to the port. The contract was awarded by the Port of Rotterdam and the Department of Public Works (Rijkswaterstaat) in the Netherlands. The maintenance dredging will take place in the Maasmond/Maasgeul in the access channel and inner port basins of the port. The award criteria included various sustainability metrics, including CO2 reducing measures. The initial contract duration is three years commencing in March 2020, with the use of a mid-sized trailing suction hopper dredger. This may be extended up to five more years through to 2028, subject to innovative and approved sustainability initiatives. This project award is not affected by recently introduced national restrictions related to nitrogen emission. FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Boskalis awarded two offshore projects with a combined value of EUR 85 million

Papendrecht, 17 December 2019 Royal Boskalis Westminster N.V. (Boskalis) has been awarded two offshore contracts with a combined value of approximately EUR 85 million. For a new offshore windfarm in Taiwan, Boskalis will carry out the scour protection of the turbine foundations and in Denmark a four-kilometer-long gas pipeline will be installed in the seabed. The execution of both projects is scheduled to take place in 2020. In Taiwan, Boskalis was awarded a contract for the scour protection for the Yunlin offshore windfarm. The award was made by Yunneng Wind Power Co. Ltd. Boskalis will install rock on the seabed around the 71 monopile foundations serving as scour protection. In total 325,000 tons of rock sourced from local quarries in Taiwan will be installed using a fallpipe vessel. The project is scheduled to commence early 2020 and is expected to be completed late 2020. Boskalis also secured a contract from the Danish Energinet Gas-TSO for the laying of a new 4-kilometer-long, 36 inch gas pipeline from Jutland to Funen in the Lillebaelt of Denmark. The project includes the pre-trenching, pipe-pull, cofferdam construction and post-lay rock installation to protect the pipeline. A novelty for this project is the requirement to have a bend in the pipeline for which an innovative guiding roller system will be applied. The project involves multiple disciplines from within the Boskalis group requiring a trailing suction hopper dredger, fallpipe vessel and backhoe dredger. Visit vimeo.com/boskalis/Lillebaelt for an animation about this project. FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 ‎ Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Boskalis acquires large land reclamation project in Manila Bay, Philippines

Papendrecht, 6 December 2019 Royal Boskalis Westminster N.V. (Boskalis) has received the Provisional Letter of Acceptance for the Design and Construction contract for the Pasay Reclamation Development Project in Manila Bay, Philippines in cooperation with CHEC from China. The award was made by the publicly listed company SM Prime Holdings Inc. (SMPHI), one of the largest property developers in Southeast Asia. The development will create a new commercial and residential area in a densely populated part of Manila. The contract value for Boskalis qualifies as large. Peter Berdowski, Boskalis CEO: “We are delighted with the award of this large contract from SMPHI. As Boskalis, we have a rich tradition in land reclamation and we look forward to contributing to a modest incremental growth of the Philippines and to protect part of Manila against the effects of climate change. This has always been an important region for Boskalis and through this project, we have secured utilization for the large dredging vessels for the coming years.” The Pasay Reclamation Development Project in Manila Bay is a new and modern commercial and residential property development to be run by SMPHI. The project involves the reclamation of approximately 360 hectares through the construction of three artificial island according to international standards to ensure a safe living environment. The islands have been designed to withstand potential large earthquakes. In addition, shore protection works are designed to withstand typhoons. For the reclamation activities Boskalis will deploy a number of trailing suction hopper dredgers over a period of two years including its mega hopper dredgers. To accelerate the soil settlement, 60,000 kilometers of vertical drains will be installed. The entire reclamation area will be compacted with vibro- and dynamic compaction to ensure soil stability. The outer perimeter of the islands will be protected with a combination of rock revetment and a concrete wave wall. Preparatory work is scheduled to commence immediately and work on site is expected to start within the first quarter of 2020. The reclamation activities are expected to be completed within three years and the total project duration including land development is five years. Boskalis is a global dredging contractor with a rich heritage and successful track record spanning more than a century. A selection of impressive land reclamation projects include those executed in Singapore (multiple over many decades with currently the Tuas Terminal phase two and Tekong polder projects under development), South Korea ( including Songdo International City ), Bahrain ( numerous land reclamation projects ), Panama ( Punta Pacifica islands ), Indonesia (recent development of five islands in Makassar ) and the Netherlands (current development of IJburg residential area in Amsterdam). Visit vimeo.com/boskalis/pasay for an animation about the project activities. ‎ FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Boskalis acquires remaining shares in marine survey company Horizon

Papendrecht, 25 November 2019 Royal Boskalis Westminster N.V. (Boskalis) has acquired the remaining 37.5% in the Horizon Group (Horizon). Earlier this year, Boskalis already acquired 62.5% of the shares. The 2019 revenue is expected to exceed USD 100 million and the activities will be consolidated as of 2020. Following this transaction, Boskalis will be able to optimize its successful and expanding position in the marine geophysical and geotechnical survey market. Horizon will continue to focus on its traditionally strong market position in the Middle East and Northwest Europe with opportunities to expand into the emerging offshore wind market in the Far East making it highly complementary to the position already held by Boskalis through Gardline in Northwest Europe and on the East Coast of the United States. Horizon was established in 2004 and is located in Sharjah in the United Arab Emirates. Its activities are largely based in the Arabian Gulf, the Red Sea and an increasing presence for offshore wind in the Far East. Its clients range from national and international oil companies as well as reputable international EPCI contractors to the oil and gas industry as well as offshore wind farm developers. ‎ FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 ‎ Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Boskalis adds USD 120 million of heavy marine transport contracts to the order book

Papendrecht, 20 November 2019 Royal Boskalis Westminster N.V. (Boskalis) recently secured a handful of heavy marine transport services contracts. The contracts were awarded by a variety of clients and carry a combined value of approximately USD 120 million. The execution of the majority of projects is scheduled to take place in 2021 and 2022. Following last year’s transportation of a sizable box-shaped FPSO, Boskalis secured a contract to transport a similar FPSO from China to Brazil. With a weight exceeding 91,000 tons this marks another record-breaking transport for the BOKA Vanguard, which is scheduled to commence at the end of 2019. Boskalis also secured a contract for the transportation of various large LNG modules from a fabrication yard in China to Russia. The contract ties up the two high-end open-stern heavy transport vessels Blue Marlin and Black Marlin commencing Q2 2021. Furthermore, Boskalis was awarded the contract for the transportation of an FPSO from the fabrication yard in China to the North Sea in 2021 and the transportation of two Floating Production Systems from Singapore to the Gulf of Mexico in the period 2021-2022. These cargoes will be transported on the White Marlin and Blue Marlin. These contracts were signed in the third and fourth quarter of 2019. Approximately 50% of the combined contract value was awarded in the fourth quarter. FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Trading update: Boskalis reports good third quarter and maintains 2019 EBITDA guidance

Papendrecht, 8 November 2019 THIRD-QUARTER HIGHLIGHTS Good revenue development with strong improvement of the result compared to the first half of the year Healthy utilization of trailing suction hopper dredgers within Dredging Strongly improved result at Offshore Energy and stable utilization of heavy transport vessels Order book: EUR 4.2 billion OUTLOOK FOR 2019 Dredging: stable market picture Offshore Energy: strong recovery in second half following weak first half Towage: sale of stake in Saam Smit Towage completed; remaining joint ventures stable Salvage: strong year with good results from ongoing projects 2019 EBITDA outlook maintained: comparable to 2018 Royal Boskalis Westminster N.V. (Boskalis) saw revenue increase slightly in the third quarter of 2019 compared to the quarterly average for the first half of the year. The operating result increased sharply in the third quarter compared to the weak first half of the year. The order book stood at EUR 4.2 billion, slightly lower compared to the end of June. Over EUR 0.5 billion of new contracts were acquired in the third quarter, not including the recently awarded sizable Changfang and Xidao offshore wind project in Taiwan. Boskalis maintains its earnings forecast for the 2019 full year. Barring unforeseen circumstances, a sharp improvement in profit is expected in the second half of the year compared to the first half. Operational developments Dredging & Inland Infra had a good third quarter. Utilization of the hopper fleet was slightly higher compared to the already busy first half and in view of the current market conditions above average. As expected, utilization of the cutter fleet was lower in the third quarter following an exceptionally busy first half. Revenue for the quarter was comparable to the quarterly average for the first half of the year with a higher operating margin. The third quarter saw the acquisition of a variety of projects, including some related to port development and climate adaptation. For example contracts acquired in Europe included the Southsea Coastal Defence project (in the United Kingdom) and Romanian Beaches projects (in Romania). In Australia the Woodside Scarborough gas pipeline project was acquired in conjunction with the Offshore Energy division. On balance, the order book at Dredging & Inland Infra was virtually stable compared to mid-2019. After the end of the quarter Boskalis acquired the Gulhifalhu land reclamation project in the Maldives as well as the N3 maintenance contract in the Netherlands. Early October saw the successful launch of the mega cutter Krios in Kinderdijk, the Netherlands. Construction work on the vessel will be completed in the period ahead with the vessel expected to be taken into service in mid-2020. For Offshore Energy the third quarter was considerably better than the first half, which was strongly negatively impacted by operational and contractual issues on a limited number of projects. Revenue increased compared to the preceding two quarters, with both the contracting and services activities making a positive contribution to the operating result. In the contracting activities, seabed intervention, including for example Nord Stream 2 and projects in the North Sea and in the Middle East, made a good contribution to the result for the quarter. It was a busy quarter for the offshore wind activities, in particular for Cables. In the services activities, all the clusters (Marine Transport & Services, Subsea and Marine Survey) had a better quarter with increases in both revenue and result. Marine Survey (Gardline and Horizon) in particular had a good third quarter. Utilization of the heavy transport vessels and DSVs was virtually stable compared to the first half of the year whereas the project-specific captive assets (cable-laying, crane and fallpipe vessels) saw improved utilization. The contracting as well as services cluster acquired a number of new contracts in the third quarter. Heavy marine transport acquired an FPSO transport contract for execution before the end of the year as well as a number of long-term transport contracts for 2021-2022. The high-end transport market is starting to show cautious signs of recovery following a number of quiet years during which transport was wholly dependent on the spot market. Finally, seabed intervention together with the Dredging division acquired the Woodside Scarborough gas pipeline project in Australia in the third quarter. After the close of the quarter Boskalis together with its local partner was awarded the contract for a sizeable offshore wind project in Taiwan. The project comprises the transportation and installation of 62 jacket foundations and the accompanying 186 pin piles. On the back of this project Boskalis decided to invest in a new crane vessel. It will do so by converting an existing hull to create the Bokalift 2 crane vessel, with 7,500 m 2 of free deck space and a crane with a lifting capacity of 4,000 tons and a lifting height of over 100 meters. Straight after delivery the Bokalift 2 will make its debut on the wind project in Taiwan and is suitable for a wide range of projects: offshore wind projects, the installation and decommissioning of oil and gas structures, and salvage work. At the Towage & Salvage segment Salvage revenue was slightly lower compared to the very busy first half of the year. Two salvage projects in the Gulf of Oman and the salvage of a vessel in the Arctic waters near Spitsbergen contributed to revenue for the quarter. At Towage the sale of the interests in the joint ventures Kotug Smit Towage and Saam Smit Towage was completed at the beginning of the third and fourth quarters respectively. The contribution from the remaining towage joint ventures (Smit Lamnalco and Keppel Smit Towage) was in line with the average quarterly contribution in the first half of the year.   Outlook for 2019 The market picture for the rest of 2019 is not fundamentally different from that seen in the first nine months of the year. At the release of the half year results, Boskalis stated that based on the fleet planning and work in the order book and barring unforeseen circumstances, it expected a sharp profit improvement in the second half of 2019 compared to the first half and that EBITDA for the full year including all exceptional income and expenses would be stable relative to the approximately EUR 350 million of last year. The Board of Management maintains this guidance. Capital expenditure in 2019 is expected to exceed EUR 250 million, excluding acquisitions. The amount is in line with the level of depreciation and will be financed from the company’s own cash flow. The net debt position has improved strongly compared to the first half of the year. The current net debt position excluding the right-of-use assets recognized under IFRS16 amounts to approximately EUR 150 million. Boskalis thus retains a strong financial position and the company comfortably meets the covenants agreed with its financiers. 2020 FINANCIAL CALENDAR 5 March Publication of 2019 annual results 13 May Q1 2020 trading update 13 May Annual General Meeting of Shareholders 20 August Publication of 2020 half-year results 6 November Q3 2020 trading update FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 This is a Boskalis press release on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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