ANNOUNCEMENT OF 2ND QUARTER 2009 ACCOUNTS

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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

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