ANNOUNCEMENT OF 2ND QUARTER 2007 ACCOUNTS

In connection with 2nd quarter 2007 earnings
announcement, Fred. Olsen Energy ASA will host a
media- and analyst conference on Tuesday 17th 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 05.07.2007
Fred. Olsen Energy ASA