Fugro N.V. — Capital/Financing Update 2006

Jan 18, 2006

PRESS RELEASE

TUGRO

Leidschendam, the Netherlands, 18 January 2006

Extension to Fugro's seismic fleet

Fugro has signed a three year charter agreement with the Norwegian shipping company Uksnoy & Co A/S for the vessel Geo Barents. This new-build 77 meter long vessel will be equipped for 3D seismic acquisition and will be able to tow six streamers. The ship will be ready for deployment in November 2006 and Fugro will obtain ownership in November 2009.

With the above mentioned charter further modernization of the fleet will be realised and Fugro will have six seismic vessels (of which five are 3D) at its disposal. To retain flexibility two or three additional vessels will be chartered on a project basis and/or shorter term to be able to operate in the seismic market with the desired fleet capacity of approximately eight vessels.

Fugro-Geoteam AS has recently been awarded two contracts by the Norwegian oil company Norsk Hydro for two seismic surveys in the Norwegian sector of the North Sea. One survey is a 3D exploration survey covering approximately $300\mathrm{km}^2$. The second contract is a 4D survey of the Oseberg field. The total contract value is approximately USD 8 million. Both surveys will be performed by Fugro's high capacity 3D/4D vessel Geo Pacific. The work is scheduled to start in March 2006, directly following completion of another ongoing survey for Norsk Hydro.

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

in@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 8,000 staff and a permanent presence in over 50 countries.

1 of 1