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RELEASE OF 2 QUARTER 2005 RESULTS

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In connection with the release of the 2Q 2005 results for
the groups, a joint presentation will be held on Thursday
21 July at 09:00 am at Fred. Olsens & Co.`s headquarters in
Fred. Olsens gate 2, Oslo.

For registration, please contact Sissel Walum on e-mail
sissel.walum@fredolsen.no or tel. +47 22 34 10 00 within
Wednesday 20 July at 04:00 pm.

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