POTENTIAL SALE OF SHARES IN FRED. OLSEN ENERGY ASA

Bonheur ASA and Ganger Rolf ASA, together
majority owner of Fred. Olsen Energy ASA
(`FOE`), consider to sell in total up to 5.0
million shares in FOE after market close today.
ABG Sundal Collier has been retained as manager
for the potential secondary sale of shares

For full information see: www.newsweb.noBonheur ASA and Ganger Rolf ASA, together
majority owner of Fred. Olsen Energy ASA
(`FOE`), consider to sell in total up to 5.0
million shares in FOE after market close today.
ABG Sundal Collier has been retained as manager
for the potential secondary sale of shares.

The sellers in total currently own 40,628,764
shares in FOE, representing approximately 62% of
the total number of outstanding shares in FOE.
The maximum number of shares to be sold equals
12.3% of the sellers` current combined
shareholding in FOE. The sellers are insiders in
Fred. Olsen Energy ASA.

About Us

Ganger Rolf ASA Selskapsinformasjon Selskapet Ganger Rolf ASA ble stiftet i 1895 og er sammen med tilknyttede selskaper engasjert i en rekke virksomheter i Norge og internasjonalt. Konsernets aktiviteter er tuftet på engasjementer innen shipping, offshore-tjenester og fornybar energi. Investeringene, som normalt foretas i samarbeid med Bonheur ASA, omfatter i dag følgende hovedelementer: Energitjenester, Offshore boring, Fornybar Energi, Shipping og Andre Investeringer.

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