Fugro N.V. — M&A Activity 2010

Dec 3, 2010

PRESS RELEASE

Leidschendam, the Netherlands, 3 December 2010

Fugro acquires Riise Underwater Engineering AS in Norway

Fugro has reached agreement with Riise Underwater Engineering AS to acquire the company. The acquisition is expected to take effect from the end of this year on completion of some outstanding formalities.

Riise Underwater Engineering AS (RUE), with its headquarters in Haugesund, Norway, is a provider of subsea engineering, ROV (Remotely Operated Vehicle) and diving services offshore and inshore to the oil and gas industry. Specialised in IRM (inspection, repair and maintenance) and subsea construction support, RUE currently operates 2 specially designed vessels in West Africa and one inshore vessel in Norway with both work class and observation class ROVs and a number of modular diving systems.

RUE's revenues show strong growth and amount at present to approximately EUR 30 million per annum. The company has 25 permanent professional staff and has up to 100 contract staff at any one time.

The combination of Fugro's existing strength in IRM and its global network with RUE's business will lead to substantial synergies and will enable Fugro to strengthen its subsea services business in support of the offshore oil and gas industry.

RUE will be renamed Fugro-RUE AS and will be part of Fugro's Subsea Services Business Line. RUE management will continue to work in Fugro-RUE.

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 organised into three divisions: Geotechnical, Survey and Geoscience. Fugro is listed on Euronext Amsterdam and is included in the AEX-Index. Fugro has approximately 13,500 employees in more than fifty countries.