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NEWBUILDING CONTRACTS

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Fred. Olsen Windcarrier AS, which is indirectly owned 50/50 by Bonheur ASA and Ganger Rolf ASA, has today entered into agreements with Båtservice Mandal AS for the construction of four crewboats for transport of service technicians to and from offshore wind turbine installations. There are options for additional six vessels. The vessels will be delivered in the 4th quarter 2011 and 1st quarter 2012.

The contract price is about NOK 25 million per vessel.

For further information please contact Tor Erik Andreassen, Managing Director of Fred. Olsen Windcarrier AS, ph. +47 22341151/+47 47655591

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