SUCCESSFUL PRIVATE PLACEMENT IN FRED. OLSEN PRODUCTION
For full information see www.newsweb.noFred. Olsen Production AS, which is wholly ownedby First Olsen Ltd., a company owned 50/50 byBonheur ASA and Ganger Rolf ASA, havesuccessfully completed a private placement of 44million new shares at a subscription price ofNOK 27 per share, with gross proceeds of NOK1,188 million. The private placement wasoversubscribed and the new shares weresubscribed by both Norwegian and internationalinvestors. ABG Sundal Collier acted as managerfor the placement.First Olsen Ltd. holds 57.7% of the shares inFred. Olsen Production after the