Ocean HeavyLift ASA

Ocean HeavyLift ASA (OSL:OHL) On 5 September 2008, Spencer Energy AS (the "Offeror"), made a mandatory offer for all of the shares in Ocean HeavyLift ASA (the "Company" or "OHL") at an offer price of NOK 36.00 per share (The "Mandatory Offer"). Detailed information about the Mandatory Offer is set out in the offer document from the Offeror dated 3 October 2008 (the "Offer Document"). The Offer Document has been approved by Oslo Børs ASA ("Oslo Børs" or "OSE") pursuant to section 6-14 of the Norwegian Securities Trading Act.

Ocean HeavyLift ASA (OSL:OHL) Ocean HeavyLift ASA (OHL) continues its strong pace and delivers a new record in the third quarter of 2008. 3Q EBITDA amounted to USD 12.6 million and the fleet utilisation rate was 92%. Year to date, the EBITDA result is USD 31.5 million and net profit USD 18.3 million.

Ocean HeavyLift ASA (OSL:OHL) Ocean HeavyLift ASA (OHL) will release its third quarter results earlier than previously announced on Wednesday 5 November at 9.00 am,

Ocean HeavyLift ASA (OSL:OHL) Ocean Heavy Lift ASA has ended its market making agreement with Carnegie ASA for the company's shares. The market making agreement, which is in accordance with the requirements from the Oslo Stock Exchange, will discontinue as of today.

Ocean HeavyLift ASA (OSL:OHL) Please find attached the company's presentation material for the IBC Seminar - Trends in the Offshore Drilling Rig Market - in London, presented by CEO Cato Hellstenius.

Ocean HeavyLift ASA (OSL:OHL) The board of Ocean HeavyLift ASA (OHL) has today decided to engage Pareto Securities AS as its financial advisor in connection with the mandatory offer to be put forward by Spencer Energy AS pursuant to the securities trading act § 6-1 as announced on 5 September 2008.

Ocean HeavyLift ASA (OSL:OHL) CEO Cato Hellstenius is presenting Ocean HeavyLift ASA at the Pareto Oil and Offshore Conference in Oslo today.

Ocean HeavyLift ASA (OSL:OHL) Ocean HeavyLift ASA (OHL) continues to deliver strong results in the second quarter of 2008. TC equivalent revenues came to about USD 67,000/day and the utilisation rate was 92%. Year to date, the EBITDA result was USD 19.0 million and net profit USD 9.8 million. Delivery of HeavyLift Ancora took place on 17 June 2008 with total capital expenditure of USD 90.3 million.

Ocean HeavyLift ASA (OSL:OHL) Ocean HeavyLift ASA (OHL) will release its second quarter results 2008 on Wedenesday 20 August at 9.00 am. A company presentation will be held by CEO Cato Hellstenius and CFO Sunniva Rudstrøm at OHL's offices, Bolette Brygge 1 Tjuvholmen, Oslo. The report and the presentation material will be available at our website www.oceanheavylift.no and in the reception prior to the presentation. If you wish to attend the presentation, please confirm with an email to Hege Kruse at hk@oceanheavylift.no (tel. +47 21 01 34 66)

Ocean HeavyLift ASA Ocean HeavyLift took delivery of the vessel HeavyLift Ancora today.