Draka Offshore Awarded Baltic 2 Wind Farm Subsea Array Cable Contract

By Draka Offshore, PRNE
Wednesday, November 24, 2010

DRAMMEN, Norway, November 25, 2010 - Draka Offshore announced today they have been awarded the array cabling
contract for the Baltic 2 offshore wind farm from Visser & Smit Marine

"The Baltic 2 project represents a continuation of our rapidly expanding
business in the offshore renewable energy industry," said Martin Dale,
commercial director for subsea for Draka Offshore. In the past six months,
Draka has won contracts for two major offshore wind farms, won a design
contract for a third field and has recently supplied subsea power cables for
tidal and wave energy in Scotland.

"We have been delivering subsea power cables to the oil and gas and
utility sectors for more than 30 years and the addition of these new projects
demonstrates the trust our customers place in our performance and our ability
to deliver the same consistent quality for the offshore renewable energy
market," added Dale.

The Baltic 2 contract, valued at approximately 23 million Euros requires
Draka to deliver approximately 95 kilometers of 36kV subsea power cable for
use in the project. The first delivery on the contract will take place the
second quarter of 2012 and final delivery will take place first quarter of

Efficient System Leads to Installation Savings

As part of the contract, Draka is to provide installation accessories.
Specially designed by Draka, the subsea cables and accessories package will
provide Visser & Smit with a very efficient installation system. "Draka's
assistance with designing and engineering the installation package for us was
instrumental," said Marcel Schoots from Visser & Smit. "On-time delivery
combined with this accessory package should help enable very efficient
installation in the field."

Delivering Energy to 340,000 Homes

Located in the Western Baltic Sea, approximately 32 kilometers north of
Rugen Island, Baltic 2 will cover an area of approximately 27 square
kilometers. With its 80 wind turbines, each rated at 3.6MW, Baltic 2 will
have a total capacity of 288MW and is the second commercial offshore field
being built in Germany. Managed by EnBW utility, when fully operational, it
is projected that the field will generate enough clean, renewable energy for
more than 340,000 homes. In addition, it will help eliminate more than
900,000 tonnes of CO2 emissions. First maritime civil works are scheduled to
commence in early 2012, with the wind farm to come on line in 2013.

About Draka Offshore:

Draka Offshore is a full service, engineering leader that delivers
complete and highly valued cabling solutions to the offshore renewable energy
grid, oil and gas and marine markets. Draka Offshore uses 11 production
facilities and distribution in all major markets. Draka Offshore is a part of
the Industry and Specialty Group of Draka Holding N.V. For more information
about Draka Offshore please visit www.Drakaoffshore.com.

About Draka Holding N.V.:

Draka Holding N.V. (Draka) is the holding company of a number of
operating companies that are active worldwide in the development, production
and sale of cable and cable systems. Draka's activities are divided into
three groups: Energy & Infrastructure, Industry & Specialty and
Communications. Within these three groups, the activities are organized into
divisions. Energy & Infrastructure consists of the Europe and Asia-Pacific
divisions; Industry & Specialty consists of the Aerospace, Automotive,
Engineered Specialties, Elevator, Renewable Energy and Offshore divisions and
the Communications Group is comprised of the Telecom Solutions, Multimedia
and Specials, Americas and Optical Fiber divisions.

Headquartered in Amsterdam, Draka Holding N.V. has 68 operating companies
in 31 countries throughout Europe, North and South America, Asia and
Australia. Worldwide, the Draka companies employ approximately 9,400 people.
In 2009, Draka reported revenues of 2.0 billion Euros and net income of 48.3
million Euros
(excluding non-recurring items).

Draka Holding N.V. ordinary shares and subordinated convertible bonds are
listed on NYSE Euronext Amsterdam. The company is included in the Next150 and
the AMX index (Amsterdam Midkap index). Options on Draka shares are also
traded on the NYSE Euronext Amsterdam Derivative Markets.

More information on Draka Holding N.V. can be found at

Mike O'Brien, Director of Global Marketing of Draka Offshore, +1-952-212-3380, Mike.Obrien at Draka.com

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