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Boskalis announces EUR 320 million equity offering.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN
THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA OR AUSTRALIA Papendrecht, 10 January 2013
  • Equity offering of approximately EUR 320 million
  • Accelerated bookbuild offering of approximately EUR 160 million
  • Private placement with HAL Investments and Project Holland Fonds for approximately EUR 160 million
  • Net proceeds to be used to partly finance the acquisition of Dockwise Ltd
Royal Boskalis Westminster N.V. (Boskalis) announces the launch of an equity offering to raise approximately EUR 320 million (the Offering) by issuing new ordinary shares in the share capital of Boskalis (the Shares). The net proceeds of the Offering will be used to partly finance the voluntary public offer for Dockwise Ltd. (see press releases 26 November 2012, 21 December 2012, 24 December 2012 and 8 January 2013). The Offering was authorized by the Extraordinary General Meeting of Boskalis shareholders held earlier today. Boskalis intends to raise approximately EUR 160 million by issuing Shares through an accelerated bookbuild offering to institutional and other professional investors on a non pre-emptive basis (the ABB Offering). In addition to the ABB Offering, HAL Investments and Project Holland Fonds have committed to acquire in aggregate approximately EUR 160 million worth of Shares in a private placement (the Private Placement) on a non pre-emptive basis. HAL Investments will participate in the Offering pro rata parte its current shareholding in Boskalis, thereby maintaining its 33.88% stake in Boskalis following completion of the Offering. The Private Placement will be executed at the same issue price and terms and conditions as will be established through the ABB Offering. The issue price, the exact number of Shares to be placed under the ABB Offering and the Private Placement and the final size of the Offering will be determined at the conclusion of the ABB Offering and will be announced in a subsequent press release. The book will open with immediate effect and the closing of the book is expected tomorrow in the course of the day. Settlement of the Offering and the admittance of the Shares to listing and trading on NYSE Euronext in Amsterdam is expected to take place on 16 January 2013. ABN AMRO and ING are acting as Joint Global Coordinators and Joint Bookrunners for the ABB Offering. Kempen & Co is acting as placing agent of the Private Placement and advisor to Boskalis in the context of the Offering. This announcement is made pursuant to Section 5:25i paragraph 2 of the Dutch Financial Supervision Act.

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