Another Monster Contract for Seajacks International Ltd

GREAT YARMOUTH, England--(Business Wire)--
Seajacks has been awarded a contract from Dong Energy A/S for the provision of
'Seajacks Leviathan' and 'Seajacks Kraken' for installation of wind turbines on
Walney 1 and Walney 2 windfarms, which are to be located in the Irish Sea.

Seajacks Kraken has been contracted for a firm period of approximately 15 months
from June 15th 2010 (excluding mobilisation and demobilisation).

Seajacks Leviathan has been contracted for a firm period of approximately 3
months from May 15th 2011 (excluding mobilisation and demobilisation).

Total contract value excluding mobilisation and demobilisation is a minimum of
approx. $70 million up to a maximum of approx. $79 million depending on the
duration of the period between final conclusion of Walney 1 and commencement of
Walney 2.

"We're proud that a company with Dong Energy's reputation and experience
recognizes the value of our self-propelled jack-ups that have been designed
specifically to operate in the harsh environment of North-West Europe, and we
look forward to developing a close working relationship with this client" said
Seajacks Managing Director Blair Ainslie.

Jens Hansen, Walney Project Manager for Dong Energy concurred with Ainslie's
comments, "We are very pleased to be entering into these contracts with
Seajacks. Their two new vessels bring a new dimension to the wind farm business
and we are delighted to have secured both Kraken and Leviathan for Walney."

Mr Ainslie adds "We have worked hard to overcome the challenges associated with
delivering sophisticated newbuildings on time and on budget, and are very proud
of our achievements to date. We look forward to meeting operational challenges
with similar success, and delivering on our stated goal of working to the
highest operational and safety standards regardless of the work being performed
by our vessels".

Seajacks Kraken is currently working on a 5 months contract for ExxonMobil
Offshore Canada, and the soon to be delivered sister vessel Seajacks Leviathan
will be starting a 15 months contract in September 2009, installing wind
turbines for Fluor Ltd. on the Greater Gabbard wind farm off the Essex and
Suffolk coast of the North Sea. www.seajacks.com

Seajacks UK Ltd
Blair Ainslie - Managing Director
Tel 01493 418070
Beacon Innovation Centre
Beacon Park, Gorleston
Great Yarmouth, Norfolk
info@seajacks.com

Copyright Business Wire 2009