1 September 2006

SvitzerWijsmuller to consider options following OFT decision.

The United Kingdom Office of Fair Trading (OFT) today announced its intention to refer SvitzerWijsmuller's takeover offer for all the shares in Adsteam Marine Limited (Adsteam) to the United Kingdom Competition Commission. (A copy of the OFT's media release of its decision can be read here.)

In light of the OFT's decision, SvitzerWijsmuller is considering its options and the implications for its takeover offer for Adsteam.

For further information:

SvitzerWijsmuller A/S
Jesper T. Lok
Chief Executive Officer
SvitzerWijmuller A/S
Phone: +45 39 19 39 19

Media enquiries:
Paul Marriage/ Jan Eakin
Third Person
Phone: +61 (02) 8298 6100