COSL

3/13/2008 12:00 AM

Friede & Goldman has entered into contract onMarch 13, 2008 with a major international offshoredrilling company for the licensing of four (4) F&Gdesigned L780 Mod II Jack-up drilling rigs.

This brings Friede & Goldman’s total to 6rigs contracted in the first quarter of 2008.

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