Draka Offshore Awarded Baltic 2 Wind Farm Subsea Array Cable Contract

Draka Offshore announced today they have been awarded the array cabling contract for the Baltic 2 offshore wind farm from Visser & Smit Marine Contracting.

‘The Baltic 2 wind energy project represents a continuation of our rapidly expanding business in the offshore renewable energy industry,’ said Martin Dale, commercial director for subsea for Draka Offshore. In the past six months, Draka has won contracts for two major offshore wind farms, won a design contract for a third field and has recently supplied subsea power cables for tidal and wave energy in Scotland.

‘We have been delivering subsea power cables to the oil and gas and utility sectors for more than 30 years and the addition of these new wind power projects demonstrates the trust our customers place in our performance and our ability to deliver the same consistent quality for the offshore renewable energy market,’ added Dale.

The Baltic 2 contract, valued at approximately 23 million Euros requires Draka to deliver approximately 95 kilometers of 36kV subsea power cable for use in the project. The first delivery on the contract will take place the second quarter of 2012 and final delivery will take place first quarter of 2013.

Efficient System Leads to Installation Savings

As part of the contract, Draka is to provide installation accessories. Specially designed by Draka, the subsea cables and accessories package will provide Visser & Smit with a very efficient installation system. ‘Draka’s assistance with designing and engineering the installation package for us was instrumental,’ said Marcel Schoots from Visser & Smit. ‘On-time delivery combined with this accessory package should help enable very efficient installation in the field.’

Delivering Energy to 340,000 Homes

Located in the Western Baltic Sea, approximately 32 kilometers north of Rugen Island, Baltic 2 will cover an area of approximately 27 square kilometers. With its 80 wind turbines, each rated at 3.6 MW, Baltic 2 will have a total capacity of 288MW and is the second commercial offshore field being built in Germany.

Managed by EnBW utility, when fully operational, it is projected that the field will generate enough clean, renewable energy for more than 340,000 homes. In addition, it will help eliminate more than 900,000 tonnes of CO2 emissions. First maritime civil works are scheduled to commence in early 2012, with the wind farm to come on line in 2013.

About Draka Offshore:

Draka Offshore is a full service, engineering leader that delivers complete and highly valued cabling solutions to the offshore renewable energy grid, oil and gas and marine markets. Draka Offshore uses 11 production facilities and distribution in all major markets. Draka Offshore is a part of the Industry and Specialty Group of Draka Holding N.V. For more information about Draka Offshore please visit http://www.Drakaoffshore.com.

Draka Holding N.V. (Draka) is the holding company of a number of operating companies that are active worldwide in the development, production and sale of cable and cable systems. Draka’s activities are divided into three groups: Energy & Infrastructure, Industry & Specialty and Communications. Within these three groups, the activities are organized into divisions.

Energy & Infrastructure consists of the Europe and Asia-Pacific divisions; Industry & Specialty consists of the Aerospace, Automotive, Engineered Specialties, Elevator, Renewable Energy and Offshore divisions and the Communications Group is comprised of the Telecom Solutions, Multimedia and Specials, Americas and Optical Fiber divisions.

Headquartered in Amsterdam, Draka Holding N.V. has 68 operating companies in 31 countries throughout Europe, North and South America, Asia and Australia. Worldwide, the Draka companies employ approximately 9,400 people. In 2009, Draka reported revenues of 2.0 billion Euros and net income of 48.3 million Euros (excluding non-recurring items).

Draka Holding N.V. ordinary shares and subordinated convertible bonds are listed on NYSE Euronext Amsterdam. The company is included in the Next150 and the AMX index (Amsterdam Midkap index). Options on Draka shares are also traded on the NYSE Euronext Amsterdam Derivative Markets.