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Boskalis update share buyback

Papendrecht, 22 July 2019 In the period from 15 July up to and including 19 July, Royal Boskalis Westminster N.V. (Boskalis) repurchased own shares. The repurchases took place within the framework of the share buyback program announced on 15 March 2019. Click here for a complete overview of all individual transactions. Boskalis will publish a press release every Monday for the duration of the buyback program, provided shares were repurchased in the preceding week. Interested parties can subscribe to these press releases at ir@boskalis.com . An overview of the progress of the program can be found on www.boskalis.com/sharebuyback2019 . FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Press release

Boskalis: Unique sighting with Carnival cruise ship on top of the BOKA Vanguard in Freeport, Bahamas

Papendrecht, 15 July 2019 ‎ Royal Boskalis Westminster N.V. (Boskalis) successfully loaded cruise ship Carnival Vista on its semi-submersible heavy lift vessel BOKA Vanguard and transported it to a shipyard facility in Freeport, Bahamas for a unique dry docking operation. Commencing last Saturday 13 July at sunrise the BOKA Vanguard loaded and lifted cruise ship Carnival Vista in a successful operation a few miles off the coast of Freeport. The loading operation including the refloat took twelve hours. The BOKA Vanguard then safely transported Carnival Vista to Grand Bahama Shipyard where repairs will take place whilst the cruise ship is resting on the BOKA Vanguard. Upon completion of the repairs, Carnival Vista will be offloaded in time for its next scheduled cruise voyage from Galveston in Texas on 27 July. Click here to view a video of the loading operation. For pictures of the operation, please click here . About the BOKA Vanguard The BOKA Vanguard is the world’s largest semi-submersible ship uniquely positioned to lift and transport extremely heavy cargoes in a dry and safe manner. The vessel has an impressive track record transporting large offshore oil and gas structures, but can also carry other vessels and act as a floating offshore dry dock facility. The BOKA Vanguard is unique in that is has an open and flat stern and bow-less deck measuring 275 meters by 70 meters allowing the vessel to lift and transport cargo’s longer and wider than these deck dimensions. By filling its ballast tanks, the ship deck is submerged in a controlled manner, allowing it to lift deep draught cargoes. This creates an alternative for dry docking allowing inspections and repairs to be safely and efficiently conducted at a location where traditional dry dock alternatives are not available. For an animation about the dry docking operation as well as photos and a video about the loading operation, please visit www.boskalis.com/vista FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 ‎ CARNIVAL CRUISE LINE Media inquiries for Carnival Cruise Line may be directed to: media@carnival.com or T +1-305-599-2600 extension 16000 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .  

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Press release

Boskalis to dry dock Carnival cruise ship on the BOKA Vanguard

Papendrecht, 2 July 2019 Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Carnival Cruise Line to lift cruise ship Carnival Vista out of the water onto the BOKA Vanguard and transport it to a shipyard facility for a dry docking operation. This is a world first operation that will take place in the coming weeks in Freeport, Bahamas.     Carnival Vista is the second largest cruise ship in the Carnival fleet with a capacity of nearly 4,000 passengers and a length in excess of 300 meters. Due to technical issues with Carnival Vista’s azipods, the ship’s main propulsion system, the vessel must be repaired in a dry dock which is currently not available in the region. Boskalis offers a unique solution to facilitate this dry dock repair by deploying the world’s largest semi-submersible heavy lift vessel BOKA Vanguard. Carnival Vista will be loaded onto the BOKA Vanguard off the coast of Freeport, Bahamas. This loading and lifting operation is planned to take place between 12 and 14 July. The BOKA Vanguard will then safely transport Carnival Vista to a nearby shipyard facility where the repairs will take place whilst the cruise ship is resting on the BOKA Vanguard. Upon completion of the repairs, Carnival Vista will be offloaded in time for its next cruise voyage later this month. Click here to view an animation of the entire dry docking operation. For pictures of the operation, please click here . About the BOKA Vanguard The BOKA Vanguard is the world’s largest semi-submersible ship uniquely positioned to lift and transport extremely heavy cargoes in a dry and safe manner. The vessel has an impressive track record transporting large offshore oil and gas structures, but can also carry other vessels and act as a floating offshore dry dock facility. The BOKA Vanguard is unique in that is has an open and flat stern and bow-less deck measuring 275 meters by 70 meters allowing the vessel to lift and transport cargo’s longer and wider than these deck dimensions. By filling its ballast tanks, the ship deck is submerged in a controlled manner, allowing it to lift deep draught cargoes. This creates an alternative for dry docking allowing inspections and repairs to be safely and efficiently conducted at a location where traditional dry dock alternatives are not available. For updates during the operation, please consult www.boskalis.com/vista or follow Boskalis on social media ( linkedin.com/company/Boskalis ; twitter.com/beleefboskalis ; www.facebook.com/Boskalis ; https://www.instagram.com/boskalis_official/ ). FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 ‎ Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .  

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Press release

Boskalis appointed as salvor for both damaged tankers in the Gulf of Oman

Papendrecht, 14 June 2019 Royal Boskalis Westminster N.V. (Boskalis) has been appointed as the salvor for both tankers that were hit yesterday morning in the Gulf of Oman in a suspected attack. Shortly after the incidents the insurers of both vessels appointed Boskalis subsidiary SMIT Salvage to salvage the vessels and their cargo. The situation of the Front Altair with a cargo of naphtha is still worrisome. The crew was able to safely leave the ship and the fire was extinguished yesterday afternoon. A salvage team was flown in to execute the salvage operation on site with accompanying specialist equipment. The Kokuka Courageous with a methanol cargo on board is now in a stable condition. Here too the crew was able to safely leave the vessel after which the ship was stabilized. A towing connection was successfully established yesterday afternoon and the crew was able to return to the vessel. The vessel is currently being towed to a port in the Gulf region. The salvage operations are being carried out in close consultation with the relevant local authorities, including the Marine Emergency Mutual Aid Center (MEMAC). Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Press release

Boskalis Annual General Meeting of Shareholders adopts resolutions

Papendrecht, 8 May 2019 Royal Boskalis Westminster N.V. (Boskalis) announces that the Annual General Meeting of Shareholders (the Meeting) held today adopted the 2018 financial statements. All other voting items were also adopted, including: Board of Management appointments and reappointments Mr. P.A.M. Berdowski was reappointed as a member of the Board of Management and CEO for a period of four years. Mr. C. van Noort was appointed as a member of the Board of Management in the role of CFO for a period of four years. Mr. Van Noort (1975, Dutch nationality) formerly held various positions at Boskalis, including most recently that of financial director of Boskalis Nederland. Mr. T.L. Baartmans was reappointed as a member of the Board of Management for a period of four years. Mr. J.H. Kamps resigned as CFO and member of the Board of Management from the date of the Meeting. Supervisory Board appointments and reappointments Mrs. J.A. Tammenoms Bakker was appointed as a member of the Supervisory Board for a period of four years. Mrs. Tammenoms Bakker (1953, Dutch nationality) formerly held various positions, including that of Director General of the Dutch Ministry of Transport, Public Works and Water Management. Mr. D.A. Sperling was appointed as a member of the Supervisory Board for a period of four years. Mr. Sperling (1955, Dutch nationality) formerly held various positions, including that of member of the Executive Board of TBI Holdings B.V. Mr. J. van der Veer was reappointed as a member of the Supervisory Board for a period of four years. Mr. Van der Veer is also the Chairman of the Supervisory Board. Mr. J.N. van Wiechen was reappointed as a member of the Supervisory Board for a period of four years. Mr. C. van Woudenberg resigned as a member of Supervisory Board from the date of the Meeting. Dividend The Meeting approved the proposed dividend of EUR 0.50 per share in cash. The shares will be quoted ex-dividend on 10 May, with the dividend being made payable on 20 May. 2019 FinanciAl agenda 10 May Ex-dividend date 13 May Record date for dividend entitlement (after market closes) 20 May Dividend payment date 22 August Publication of 2019 half-year results 8 November Trading update on third quarter of 2019 FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 This is a Boskalis press release on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Press release

Boskalis Trading Update

Papendrecht, 8 May 2019 The market picture and developments at Royal Boskalis Westminster N.V. (Boskalis) for the first three months of the year are in line with the expectations outlined at the publication of the 2018 annual results. Higher revenue compared to the first quarter of 2018 with a comparable result Reasonable fleet utilization both at Dredging and Offshore Energy Stable order book Developments During the presentation of the 2018 annual results Boskalis expressed the expectation that the market picture in 2019 would not be fundamentally different than last year. The first quarter has progressed in line with this expectation. Revenue was higher compared to the same period last year. Given the market conditions, utilization of the Dredging fleet was good while utilization at Offshore Energy showed a mixed picture. The size of the order book was stable at the end of the quarter compared to the end of 2018 and since then various new projects were contracted both at Dredging & Inland Infra and Offshore Energy. Dredging & Inland Infra Revenue at the Dredging & Inland Infra division rose compared to the first quarter of last year. Notable projects in progress include Duqm (Oman), JNPT (India), Nordvikkudden (Sweden), Pulau Tekong Polder and Tuas Terminal 2 (both in Singapore) and various medium-sized projects in the Netherlands. Given the market conditions, utilization of the hopper fleet was good. Partly as a result of planned repairs of a mega hopper the utilization rate was lower than the annual utilization rate for 2018. Utilization of the cutter fleet was strong in the first quarter, due in part to the deployment of the mega cutter Helios on the Duqm project. The order book of Dredging & Inland Infra was virtually stable compared to the end of 2018. Notable new contracted projects include the expansion of the Port of Adelaide (Australia) and various smaller projects in Europe. After the close of the quarter two projects were contracted in Indonesia as well as a large infrastructural project in the Netherlands (Rijnlandroute sub-project). Offshore Energy In line with expectations, the first quarter at Offshore Energy was difficult due to seasonal effects, on the one hand, and persistently challenging market conditions, on the other. Revenue was slightly higher compared to the first quarter of 2018 while the divisional operating result remained at a comparable negative level. In addition to seasonal effects, the result was adversely impacted by a strong dependence on a competitive spot market for the services activities and project-specific issues at Offshore Wind. The contracting part of the division comprises Marine Installation & Intervention (I&I) and the Offshore Wind activities. The main project in progress at I&I was Nord Stream 2 while at Offshore Wind a great deal of work was executed at East Anglia, Borssele Alpha, Hohe See and Horns Rev 3. Revenue in contracting rose compared to the same period last year. The services section of the division comprises Marine Transport & Services, Subsea Services and Marine Survey. At Marine Transport the volume on the spot market was good, even though the rates were sharp. At Subsea Services and Marine Survey (Gardline) the winter period on the North Sea was seasonably quiet and the level of revenue was comparable to the early part of last year. In the first quarter Boskalis acquired a stake in Middle East based Horizon Geosciences. The associated survey activities will start to contribute to the group result as of the second quarter of the year. Average utilization of the various types of offshore vessels was comparable to the level seen at the start of 2018. The total Offshore Energy order book rose slightly compared to the end of 2018. Towage & Salvage Salvage had a good start to the year with a successful emergency response project relating to a fire aboard the Yantian Express, a large container ship on the Atlantic Ocean. As a result of these activities and ongoing cleanup activities surrounding the Maersk Honam as well as several smaller emergency response projects, revenue at Salvage rose compared to the first quarter of 2018. The intended sale of the stakes in the Saam Smit Towage and Kotug Smit Towage joint ventures was announced early in 2019. Since then these joint ventures have been recognized as assets held for sale, and as such no longer contribute to the result of the division. The result of the other Towage joint ventures was stable. The intended sale of our stake in Saam Smit Towage to SAAM is proceeding according to plan. The transaction is expected to close in the third quarter. The proposed sale of Kotug Smit Towage is progressing steadily and is expected to close in the second half of this year. Share buyback program Boskalis announced a share buyback program early February with the intention to repurchase the equivalent of EUR 100 million of its own shares. The program was launched in mid-March and in the period up to 7 May 165,676 shares were purchased representing a total value of EUR 4.0 million. Outlook The market picture for 2019 is not expected to be fundamentally different than that of 2018. The project-based nature of a significant part of our activities, along with the uncertain market conditions, makes it difficult to give a specific quantitative forecast with regard to the 2019 full-year result early on in the year. However, while the EBITDA level is expected to remain stable, it will be a challenge to exceed the 2018 net operating profit. Capital expenditure in 2019 is expected to exceed EUR 250 million, including the recently acquired assets of Bohlen & Doyen offshore but excluding acquisitions, and will be financed from the company's own cash flow. Taking into account seasonal patterns, capital expenditures including the acquisition of Bohlen & Doyen offshore, the acquisition of the equity stake in Horizon, the share buyback program and the impact of an all-cash dividend, the net debt position is expected to increase in the first half of the year before decreasing substantially in the second half of the year, due in part to the completion of the sale of the harbour towage joint ventures. Boskalis continues to have a strong financial position and comfortably meets its financial covenants. 2019 Financial CALENDAR 8 May Annual General Meeting of Shareholders 10 May Ex-dividend date 13 May Record date for dividend entitlement (after market closes) 20 May Dividend payment date 22 August Publication of 2019 half-year results 8 November Trading update on third quarter of 2019 FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 This is a Boskalis press release on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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