ANNOUNCEMENT OF 2ND QUARTER 2009 ACCOUNTS


In connection with 2nd quarter 2009 earnings announcement, Fred. Olsen Energy ASA will host a media- and analyst conference on Wednesday 15th July at 09.00 a.m. The presentation will be held at the Company’s office in Fred. Olsensgt. 2, Oslo. Please register to Sølvi van Spronsen, telephone + 47 22 34 12 43 or by e-mail svs@fredolsen.no . Oslo 08.07.2009 Fred. Olsen Energy ASA

About Us

Fred. Olsen Energy ASA (the Company) is listed on the Oslo Stock Exchange and provides exploration and production services to the offshore oil and gas industry building on 150 years experience in shipping and more than 35 years in offshore drilling. The Company focuses on rewarding long term customer relationships where innovative and integrated solutions are presented to the benefit of our customers, shareholders and employees.