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TMCNet:  A2SEA: A2SEA Acquires the Barge JB109 from Jack-up Barge

[September 26, 2008]

A2SEA: A2SEA Acquires the Barge JB109 from Jack-up Barge

(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:26092008

Fredericia -- A2SEA A/S, a leading contractor specialising in the
transport, installation and service of offshore wind turbines, today
announced that it has acquired the installation barge JB109 and related
assets from the Dutch supplier of barges of the jack-up type, Jack-Up
Barge B.V. for an undisclosed price. In connection with the
taking-over, the barge will be renamed SEA WORKER.

A2SEA is experiencing an explosive development and did only one year
ago acquire their first jack-up rig - SEA JACK. After the acquisition
of SEA WORKER, A2SEA's fleet is now counting two rigs and two
special-purpose vessels meaning that A2SEA can now install the
foundations as well as the topsides and larger turbines for offshore
wind farms. The additional installation rig will give A2SEA flexibility
to bid for many more offshore contracts using their vessels separately
or in combination.

A2SEA's turnover is estimated to triple in 2008 reaching more than DKK
300 million.

"The acquisition has further strengthened A2SEA's position in the
market as the leading contractor within installation of offshore wind
farms", CEO Jens Frederik Hansen says.

"We are now in a position enabling us to bid for a larger number and
more challenging projects. In addition, this acquisition has enabled us
to offer a wider range of services, e.g. higher installation capacity
for the waters west of Great Britain where we are experiencing an
increasing activity."

The European market for wind power is growing rapidly. The number of
megawatt produced offshore is expected to increase from an estimated
capacity of 750 MW in 2006 to more than 12,000 MW in 2015.

The political support to wind farms is growing in line with the demand
for renewable energy. In January 2007 the European Commission
recommended that before the end of 2020 20% of the total energy
consumption should come from renewable energy sources such as wind.

The Chairman of A2SEA, Per Staehr, is very aware of this
development:"We are in close dialogue with the market and prepare
ourselves to the future. If the customers are willing to commit to
future cooperation, A2SEA is ready to make the necessary investments to
secure that we have the required capacity to meet our customers'
demands."

In 2008 A2SEA's four vessels are all 100% booked. SEA POWER, with her
newly extended "legs" enabling her to work at deeper waters, will for
the next year be fully employed with service works and installation of
91 offshore wind turbines at the site "Horns Rev 2" where the rig SEA
JACK is presently working on the foundation installation. Later, SEA
POWER is booked to install 91 wind turbines at the wind farm"Rodsand
2". SEA ENERGY, A2SEA's second special-purpose vessel, is presently
working as feeder vessel at the project "Robin Rigg", where she
transports wind turbines from Belfast to SEA WORKER, which is booked to
install the 60 Vestas V90 wind turbines for this project.

Notes to editors:

A2SEA A/S, www.A2SEA.com, is a market leading marine contractor within
construction services for the offshore wind farm market.

A2SEA's revolutionary technology in the form of the special purpose

offshore crane vessels M/V SEA ENERGY and M/V SEA POWER has made it a
world leader in offshore wind turbine installation and service.

The approach to installing offshore wind farms pioneered by A2SEA is
based on a concept of leg supported crane vessels'. The self-sustained
vessels, approx 93 metres long by 22 metres wide, are each fitted with
a 450t crane and four legs which can stabilise/support the vessel on
the seabed.

In 2007, A2SEA acquired the former JUMPING JACK (now SEA JACK) to be
able to install complete projects including foundations as well a
future turbines of the 5+MW class.

A2SEA's vision is to maintain our position as the preferred contractor
for safe and efficient transport, installation and servicing of
offshore wind parks worldwide

A2SEA was established in 2000 with the objective of providing
transport, installation and marine support to offshore wind farm
projects. A2SEA performs major marine support, installation and
service tasks for all the leading wind turbine manufacturers - Vestas,
Siemens, GE Wind Energy, and Nordex, as well as for major energy
utilities such as Dong Energy, E.ON, and Vattenfall. A2SEA offers a
wide range of offshore contracting services including installation of
substructure and superstructure, repair and service, turnkey
meteorological mast installation and rapid crew transfer. The Head
Office is located in Fredericia, Denmark with subsidiaries in Germany
and England. A2SEA has 160 employees of whom 50 are based in
Fredericia.

CONTACT: Jens Frederik Hansen, CEO, A2SEA
Tel: +45 76 204 730
e-mail: jfh@a2sea.com
Gina Nielsen, Marketing Manager, A2SEA
Tel: +45 7592 8211
e-mail: gni@a2sea.com
Karen Mortensen, Sales Secretary, A2SEA
Tel: +45 7592 8211
Tel: +45 7620 4734
Tel: +45 7592 6375
Fax: +45 7592 6375
e-mail: klm@a2sea.com
WWW: http://www.a2sea.com

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