ANNOUNCEMENT OF 4Q 04 AND PRELIM. ACC. FOR 04

In connection with 4th quarter 2004 earnings announcement
and preliminary accounts for 2004, Fred. Olsen Energy ASA
will host a media- and analyst conference on Tuesday 8th of
February 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 26.01.2005
Fred. Olsen Energy ASA