On Friday (09/02/07) the United Kingdom’s Competition Commission published its final report relating to SvitzerWijsmuller A/S’ (“SvitzerWijsmuller”) recommended cash Offer for all of the shares in Adsteam Marine Limited (“Adsteam”).

The Competition Commission's final report confirms its provisional findings, released in December 2006, that the proposed transaction will not result in a substantial lessening of competition outside the Port of Liverpool, and that the UK Competition Commission considers that the sale of either SvitzerWijsmuller A/S’ or Adsteam's current Liverpool business would fully address its concerns. See the Competition Commission’s media release here.

SvitzerWijsmuller welcomes these findings and is working with the UK Competition Commission to finalise undertakings agreeing to the sale of either of the Liverpool businesses. SvitzerWijsmuller currently expects that it will be able to come to an agreement with the UK Competition Commission on the required undertakings before the end of the Offer Period, which is currently due to expire on 16 March 2007.

SvitzerWijsmuller will continue to keep Adsteam shareholders informed of any material developments.

SvitzerWijsmuller reserves the right to further extend the Offer Period, to declare the Offer free from the UK Competition Approval Condition, or to determine to allow the Offer to lapse in accordance with the Offer Terms and the Corporations Act, particularly if it considers that circumstances change.

For further details please contact:

Denmark:
SvitzerWijsmuller A/S
Mr. Bo V. Laub
Phone: +45 3919 3919

Australia:
Third Person
Mr. Paul Smith
Phone: +61-2-82986100
Mobile: +61-406018296

United Kingdom:
Financial Dynamics
Mr. Simon Elliott
Phone: +44-77-11-387-084
Mobile: +44-207-269-9318