ANNOUNCEMENT OF 1ST QUARTER 2005 RESULT

Tue, Apr 19, 2005 12:56 CET

In connection with 1st quarter 2005 earnings announcement,
Fred. Olsen Energy ASA will host a media- and analyst
conference on Thursday 28th of April at 09.00 a.m. The
presentation will be held at the Company`s office in Fred.
Olsensgt. 2, Oslo. Please register to Sølvi van Spronsen,
telephone + 47 22 34 12 43 or by e-mail svs@fredolsen.no.

Oslo 19.04.2005
Fred. Olsen Energy ASA