CIMC - JUE 5-13

5/8/2011 12:00 AM

Friede & Goldman has entered into a licenseagreement with CIMC Raffles (China)on May 8, 2013 for the basic design of two(2) F&G JU-2000E jack-up drilling rig to beconstructed.

Additional agreements were signed for F&G toprovide their patented Rack Chock® leg fixationsystem for each of the mobile offshoredrilling units. CIMC currently has six (6)Super M2 designs, and five (5)JU-2000E designs under construction.