ANNOUNCEMENT OF 2ND QUARTER 2006 ACCOUNTS

In connection with 2nd quarter 2006 earnings
announcement, Fred. Olsen Energy ASA will host a
media- and analyst conference on Tuesday 18th
July 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 04.07.2006
Fred. Olsen Energy ASA