Fugro N.V. — Capital/Financing Update 2006

Mar 10, 2006

PRESS RELEASE

TUGRO

Leidschendam, the Netherlands, 10 March 2006

Large contract for one of Fugro's new seismic vessels

Fugro-Geoteam AS has signed an agreement to charter out Fugro's fully equipped seismic vessel 'Geo Barents' to TGS-NOPEC Geophysical Company ASA for a period of 18 months plus two times 6 months options. This new-build 3D vessel will be delivered to Fugro in November 2006 and will go directly to the Gulf of Mexico to work for TGS-NOPEC. This seismic charter agreement will secure TGS-NOPEC with a modern high capacity vessel with the latest technology for its multi-client programs, while Fugro-Geoteam secures a fixed and predictable income for 18-30 months. This is the largest contract in Fugro's history.

Fugro-Geoteam AS is a Norwegian operating company of the Fugro Group. The company operates a modern fleet of seismic vessels and is active in 2D, 3D and 4D marine seismic data acquisition world wide, as well as processing of the data.

For further information:

Fugro N.V.

K.S. Wester,

President and CEO

Telephone +31 70 311 11 12

Fugro N.V.

P.O. Box 41

2260 AA

Leidschendam

The Netherlands

Tel: +31703111422

Fax: +31703202703

ir@fugro.com

www.fugro.com

Fugro collects, processes and interprets data related to the earth's surface and soil composition and provides advice based on the results. As an extension to these activities, Fugro provides services such as precise positioning, construction materials testing, reservoir engineering and data management. Fugro's operations have been organized into three divisions: Geotechnical, Survey and Geoscience.

Fugro is listed on Euronext N.V. in Amsterdam and is included in the Amsterdam Midkap Index. Fugro has over 275 offices, approximately 8,500 staff and a permanent presence in over 50 countries.

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