ANNOUNCEMENT OF 1ST QUARTER 2006 ACCOUNTS

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In connection with 1st quarter 2006 earnings
announcement, Fred. Olsen Energy ASA will host a
media- and analyst conference on Friday 28th
April 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 19.04.2006
Fred. Olsen Energy ASA