Eitzen Chemical ASA : MANDATORY NOTIFICATION OF TRADE

12/22/2011 2:01 AM EST 

Carl E. Steen, member of the Board of Eitzen Chemical ASA, has through Capreca
AS on 21 December 2011 acquired 1,000,000 shares in Eitzen Chemical ASA at a
price of NOK 0.15 per share. Total holding after the transaction is 2,104,075
shares.

For further information, please contact:

Mr. Per Sylvester Jensen, CEO,
Telephone: +47 2400 6147

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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Eitzen Chemical ASA : MANDATORY NOTIFICATION OF TRADE