WIND INSTALLATION CONTRACT

Fred. Olsen Windcarrier International Ltd, which is indirectly owned 50/50 by Bonheur ASA and Ganger Rolf ASA, has been awarded a contract by the German company BARD Engineering GmbH for installation work of turbines and associated equipment at the “Bard Offshore 1” wind farm in German territorial waters. The contract commences in March 2013 and is anticipated to take 150 days. The work will be performed using the installation vessel "Brave Tern". The contract includes the provision of installation technicians from Global Wind Service A/S (DK) and one crew/service vessel of the Bayard class as provided by Fred. Olsen Windcarrier A/S (DK). Both Global Wind Service A/S and Fred. Olsen Windcarrier A/S (DK) are indirectly owned by Bonheur ASA and Ganger Rolf ASA.

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