New Composition Board of Management Post Boskalis-SMIT Integration (The Netherlands)

Royal Boskalis Westminster N.V. (Boskalis) wishes to announce that the integration process as a result of the merger of Boskalis and SMIT is progressing well. The process is being led by Peter Berdowski (CEO Boskalis) and Ben Vree (CEO SMIT) and based on current findings the integration is expected to be completed in December 2010. In connection with this, the decision has been made by mutual agreement that Ben Vree will resign from the Board of Management of Boskalis on 1 January 2011 and focus on a new challenge outside the company.

Ben Vree, CEO SMIT: “I look back with satisfaction at the results achieved in the past ten years, the successful completion of the merger and the secured continuity of SMIT. I am staying on to complete the integration of this wonderful company. I would like to thank the staff of SMIT for the fantastic way we have worked together these past years.”

Peter Berdowski, CEO Boskalis: “We are working with ten joint teams to achieve this integration. We have all become very enthusiastic about the many benefits and opportunities that the combined Boskalis-SMIT entity has to offer – both for our clients and our employees. I wish to extend my appreciation to Ben for the excellent manner in which he turned SMIT into a leading maritime services provider. We appreciate his loyalty to completing this integration successfully and I wish to thank him for his immense efforts.”

From 1 January 2011 the Board of Management of Boskalis will consist of the remaining three members: Peter Berdowski (CEO), Hans Kamps (CFO) and Theo Baartmans.

Boskalis will publish its 2010 half-year results at 7 a.m. on Thursday, 19 August.

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. We provide creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. We offer a wide variety of marine services through SMIT and we have positions in strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). The company holds important home market positions in and outside of Europe. Boskalis has a versatile fleet of over 1,000 units and operates in over 65 countries across six continents. Including its share in partnerships, Boskalis has approximately 14,000 employees. Boskalis celebrates its 100th anniversary in 2010.

[mappress]

Source: Boskalis, July 8, 2010