Fugro N.V. — Earnings Release 2006

Jun 23, 2006

PRESS RELEASE

FUGRO

Leidschendam, the Netherlands, 23 June 2006

Growth in turnover and profit of Fugro continues

The combination of high utilisation, price improvements and capacity expansion at Fugro will result in noticeably higher profit and turnover over the first half-year 2006 compared to the first half-year 2005.

The demand for oil and gas related offshore services remains strong world wide. The expansion and modernisation of Fugro's seismic capacity is in line with the increasing demand for such services. In the Middle East the construction and infrastructure related activities continue at a high level. In a number of previously weaker countries, these activities are picking up, there is however room for further improvement. The high utilisation of the mining industry related services continues.

The above mentioned developments will result in a higher turnover and profit over the first half-year 2006 in all three divisions.

For the total company it is expected that the turnover over the first six months of 2006 will increase by approximately 20% compared to last year. The net profit margin over the first half-year 2006 will increase to approximately 8%, partly as a result of a very strong first quarter. (for comparison purposes over the first half-year 2005 the turnover was EUR 518.2 million and the profit EUR 32.1 million, which resulted in net profit margin of 6.2%).

The outlook for the second half-year is favourable and barring unforeseen circumstances, turnover and net profit for the full year 2006 will be higher than in the record year 2005.

Fugro will present the results for the first six months of 2006 on 11 August 2006. At that time also a more specific profit forecast for the full financial year 2006 will be given.

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 9,000 staff and a permanent presence in over 50 countries.

Cautionary Statement regarding Forward-Looking Statements

This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts, including (but not limited to) statements expressing or implying Fugro N.V.'s beliefs, expectations, intentions, forecasts, estimates or predictions (and the assumptions underlying them).

Forward-looking statements necessarily involve risks and uncertainties. The actual future results and situations may therefore differ materially from those expressed or implied in any forward-looking statements. Such differences may be caused by various factors (including, but not limited to, developments in the oil and gas industry and related markets, currency risks and unexpected operational setbacks).

Any forward-looking statements contained in this announcement are based on information currently available to Fugro N.V.'s management. Fugro N.V. assumes no obligation to in each case make a public announcement if there are changes in that information or if there are otherwise changes or developments in respect of the forward-looking statements in this press release.