Presentation 1Q 2011

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In connection with the 1st quarter 2011 results, a presentation will be

held on Wednesday 11 May 2010 at 09:00 am at the company`s offices in

Fred. Olsens gate 2, Oslo. Registration to Sissel Walum, e-mail:

sissel.walum@fredolsen.no or tel. +47 22341026.