Boskalis maintains profit outlook

5 November 2008

Based on developments so far in 2008, the Board of Management of the dredging company Royal Boskalis Westminster nv expects a 15% increase in the net profit for the full year, excluding the non-recurring income as a result of the settlement of the insurance claim for the W.D. Fairway. The reported net profit in 2007 was  204.4 million. When the half-year results were announced in August, the board stated that net profit was expected to increase by between 10 and 15%.

The order book of approximately 3.5 billion continues to be stable and well filled.

Royal Boskalis Westminster nv is an international group with a leading position in the world market for dredging services. Its core activities are the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. The company holds important home market positions in and outside of Europe and targets all market segments in the dredging industry. It also has positions in strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). Boskalis has a versatile fleet of over 300 units and operates in over 50 countries across five continents. Including its share in partnerships, Boskalis has approximately 8,000 employees.

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This press release can also be found on our website www.boskalis.com.