CONTEMPLATING THE ISSUANCE OF SENIOR UNSECURED BONDS

Bonheur ASA is contemplating the issuance of NOK 700 million in a 5 year NOK denominated floating rate senior unsecured bond. DNB Markets and SpareBank1 Markets have been retained as joint lead managers of the potential bond issue.

For further information, please contact:

Øyvind B. Kristiansen, Fred. Olsen & Co., +47 90 01 05 29 or oyvindk@fredolsen.com or

Haakon Magne Ore, Fred. Olsen & Co., +47 92 02 75 10 or hmore@fredolsen.com