ANNUAL REPORT 2012 / PRESENTATION OF Q1 2013 RESULTS

ANNUAL REPORT 2012

Enclosed please find the Annual Report 2012 for Fred.Olsen Production ASA and the Fred.Olsen Production Group. The report is also available on the company's web site www.fpso.no

PRESENTATION OF Q1 2013 RESULTS

Fred.Olsen Production ASA will present the 1st quarter 2013 financial results on Tuesday 30th April at 9.00 a.m. in their offices in Fred.Olsen gt. 2.

Please register to Dorthé Reinertsen via e-mail dorthe.reinertsen@fredolsen.no , by Monday 29th April, at 12.00 hrs.

About Us

Fred. Olsen Production ASA (FOP) is listed on the Oslo Stock Exchange (trades under the ticker "FOP") and has been active in the offshore oil & gas production business since 1994. FOP’s first day of listing was May 11th 2007. First Olsen Ltd. (FOL), a company owned 50% by Ganger Rolf ASA and 50% by Bonheur ASA is the main shareholder with 61.5% of the outstanding shares.

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