MIS 1

6/26/2006 12:00 AM

Friede & Goldman has entered into a contract withMaritime Industrial Services, MIS, (Sharjah) onJune 26, 2006 for the licensing of 2 F&G designedSuper M2 jack-up drilling rigs.

MIS also signed an agreement for F&G to providetheir patented Rack Chock leg fixation system foreach of the mobile offshore drilling units.

For further information, please click the link below tobe directed to the MIS website.