Gardline acquired by Boskalis

15th August 2017

Gardline Holdings Ltd. (Gardline) announces that it has been acquired by Royal Boskalis
Westminster N.V. (Boskalis) as of today.

Gardline’s main activities include marine geophysical surveys, offshore geotechnical
services and environmental surveys.

Gardline’s global client base and broad range of marine services is complementary to
Boskalis and there are significant synergies between the two groups. With the acquisition of
Gardline, Boskalis strengthens its existing survey activities and becomes a specialist
provider of subsea geotechnical surveys with an exposure to the renewables market and the
early cyclical oil and gas market. Gardline operates 15 survey related vessels in addition to
25 smaller vessels including crew transfer vessels and survey catamarans.

Gardline, established in 1969, was a second-generation family-owned business. The
company’s principal offices are located in Great Yarmouth, UK with further activities in the
USA, Brazil and Singapore. Gardline currently employs approximately 750 members of staff
across the globe. Gardline’s core geographical market is Northwest Europe, where Gardline
is the main competitor of Fugro in marine surveys. With the acquisition of Gardline, Boskalis
strengthens its position as a marine services provider in Northwest Europe and worldwide.

Royal Boskalis Westminster N.V. is a leading global services provider operating in the
dredging, maritime infrastructure and maritime services sectors. The company provides
creative and innovative all-round solutions to infrastructural challenges in the maritime,
coastal and delta regions of the world, with services including the construction and
maintenance of ports and waterways, land reclamation, coastal defence and riverbank
protection. In addition, Boskalis offers a wide variety of marine services and contracting for
the oil and gas sector and offshore wind industry as well as salvage solutions (SMIT
Salvage). Furthermore, Boskalis has a number of strategic partnerships in harbour towage
and terminal services (KOTUG SMIT Towage, Keppel Smit Towage, Saam Smit Towage
and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment
and 11,700 employees, including associated companies, Boskalis operates in over 90
countries across six continents.

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

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