Eitzen Chemical Approved prospectus

12 May, 2011 14:41 CET

The prospectus for the listing of 371,937,500 new shares issued in the private
placement and the offering and listing of up to 91,293,750 new shares to be
issued in the Subsequent Offering has been reviewed and approved by the
Financial Supervisory Authority of Norway.

The shares issued in the private placement will be listed on the Oslo Stock
Exchange today.

Please refer to the prospectus for further information on the Subsequent
Offering. The prospectus will be available electronically at www.eitzen-
chemical.com prior to commencement of the subscription period. The prospectus
will also be available free of charge at the business offices of Eitzen Chemical
ASA and ABG Sundal Collier Norge ASA during this period.

The prospectus is available to the public at:

Eitzen Chemical ASA
Bolette Brygge 1
NO-0252 Oslo
Norway
Tel: +47 24 00 61 47
www.eitzen-chemical.com

ABG Sundal Collier Norge ASA
Munkedamsveien 45E
P.O. Box 1444 Vika
NO-0115 Oslo
Norway
Tel: +47 22 01 60 00

For further information, please contact:

Terje Askvig
Chief Executive Officer

Per-Hermod Rasmussen
Chief Financial Officer
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



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