SWS- Seadrill - JUE 6-13

6/27/2013 12:00 AM

Friede & Goldman has entered into a licenseagreement with Shanghai Waigaoqiao Shipbuilding., Ltd.SWS (China) on June 27, 2013 for the basicdesign of two (2) F&G JU-2000E jack-up drillingrigs to be constructed for Seadrill (Norway).Seadill currently has two (2) JU-2000E underconstruction with Jurong Shipyard and nine (9)JU-2000E’s under construction with DSIC

Additional agreements were signed for F&G toprovide their patented Rack Chock® leg fixationsystem for each of the mobile offshoredrilling units.