Fugro N.V. — M&A Activity 2008

Jul 29, 2008

PRESS RELEASE

Leidschendam, the Netherlands, 29 July 2008

New contract for Fugro in Brazil

Fugro Brasil with vessel owners Sealion Shipping have been awarded a three year contract by oil company Petrobras for inspection, repair and maintenance work in Santos and Campos Basins, north of Rio de Janeiro, Brazil. Start of the project is expected to be in September 2008. The contract value is approximately USD 137 million for the three years.

Fugro will operate the diving support vessel Toisa Sentinel with an eighteen man 350 metres saturation dive system and two ROVs (Remotely Operated Vehicles), one for water depths up to 3,000 metres and one for waters depths up to 1,500 metres.

Fugro has operated with Sealion Shipping onboard the Toisa Sentinel for many years and has performed many dives in water depths up to 350 metres without incident in that time. The ROVs are used to monitor divers and to carry out inspection, repair and maintenance works in waters up to 3,000 metres. With other recent awards and ongoing contracts, Fugro operates now fourteen ROV's in Brazil. Four additional new ROVs are scheduled for delivery to Brazil later this year.

For further information:

Fugro N.V. K.S. Wester, President and CEO Telephone + 31 70 311 11 12

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 Amsterdam and is included in the Amsterdam Midkap Index (AMX). Fugro has more than 12,000 employees in more than fifty countries.