ANNOUNCEMENT OF 2ND QUARTER 2005 RESULT

Mon, Jul 11, 2005 15:03 CET

In connection with 2nd quarter 2005 earnings announcement,
Fred. Olsen Energy ASA will host a media- and analyst
conference on Tuesday 19th of July 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 11.07.2005
Fred. Olsen Energy ASA