ANNUAL GENERAL MEETING
The Annual General Meeting of Fred. Olsen EnergyASA was held today, Thursday 24 May 2007. Allproposals on the agenda were adopted in accordancewith the agenda for the Annual General Meetingwhich was sent to Oslo Stock Exchange on 10th May2007.The Annual General Meeting (AGM) of Fred. OlsenEnergy ASA has today approved the financialstatements and annual report of Fred. Olsen.Energy ASA and the Group for 2006 and the Board`sproposal of a dividend of NOK 10 per share. Thedividend will be paid on 8 June 2007 toshareholders registered as holding shares on thedate of the