Draka Offshore Awarded Walney 2 Wind Farm Subsea Array Cable Contract

DRAMMEN, Norway, May 17, 2010 - Draka Offshore announced today they have been awarded the array cabling
contract for the Walney 2 project from Dong Energy in Denmark. This
announcement follows the recent completion of the company's expansion to its
subsea production facility.

"The Walney 2 project represents our first major wind farm project
following our expansion,'' said Martin Dale, commercial director for subsea
for Draka Offshore. "We have been delivering subsea power cables to the oil
and gas and utility sectors for more than 30 years and this new project
demonstrates our ability to deliver the same consistent quality for offshore
wind."

The contract requires Draka to deliver approximately 60 kilometers of
36kV subsea power cable for use in the Walney 2 project. In addition to
managing all logistics associated with delivering the subsea cable to the
site, Draka will provide a range of accessories, coordinate installation of
accessories and provide commissioning of the circuits.

Delivering Energy to 320,000 Homes

Located in the East Irish Sea, approximately 15 kilometers west of
Barrow-in-Furness in Cumbria, UK, the Walney project will deliver clean,
renewable energy to more than 320,000 homes. The Walney 2 project consists of
51 - 3.6MW turbines, with cables buried to a depth of approximately two
meters, and will commence installation in the summer of 2011.

The Walney 1 and Walney 2 projects will be constructed sequentially,
leading to periods of intense construction activity. Dong Energy is
positioning the installation vessels using state-of-the art technology for
pin-point accuracy and needs cable providers like Draka to deliver on time
and collaborate with the company and other subcontractors to achieve success.

About Draka Offshore:

Draka Offshore is a full service, engineering leader that delivers
complete and highly valued cabling solutions to the offshore wind, oil and
gas and subsea markets. Draka has 11 production facilities and distribution
in all major oil and gas markets. The division has more than 100 products
available that meet the strict SATS, IEEE, IEC and NEK industry standards,
abide by LRS, ABS, DNV, BV & GL rules and comply with U.S. and Canadian Coast
Guard regulations that govern the use of wire and cables. Draka Offshore is a
part of the Industry and Specialty Group of Draka Holding N.V. For more
information about Draka Offshore please visit the company's website
(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 Automotive & Aviation,
Elevator Products, Cableteq USA and Industrial 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 9,600 people.
In 2009, Draka reported revenue of euro 2.0 billion and net income of euro
48.3 million (excluding non-recurring items).

Draka Holding N.V. ordinary shares and subordinated convertible bonds are
listed on NYSE Euronext Amsterdam. The company has been included in the
Next150 index since 2001 and the AMX index (Amsterdam Midkap index) since
March 4, 2008. Options on Draka shares are also traded on the NYSE Euronext
Amsterdam Derivative Markets.

Visit Draka Holding N.V. online (www.draka.com ) for more
information.

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