ANNOUNCEMENT OF 4TH QUARTER 2007 AND PRELIMINARY ACCOUNTS FOR 2007

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In connection with the 4th quarter 2007 earnings
announcement and preliminary accounts for 2007,
Fred. Olsen Energy ASA will host a media- and
analyst conference on Wednesday 6th February 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 24.01.2008
Fred. Olsen Energy ASA