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.

http://www.miscoltd.com/newthird.php
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Phone: (713) 952-3444
Fax: (713) 952-3443
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3151 Briarpark Dr., Suite 800, Houston, TX 77042