Odfjell Konsern

Odfjell Konsern (ODJAF.PK) Odfjell SE`s second quarter 2008 result will be released Wednesday 13 August 2008. The results will be published on Oslo Børs at www.newsweb.no as well as made available on www.huginonline.com and on www.odfjell.com. An open presentation will be held with details mentioned below.

Odfjell Konsern (ODJAF.PK) Odfjell has entered into an agreement to sell the parcel tanker M/T Bow Bahia (5,870 dwt/built 1996). The sale is part of a two-ship sale, which also included the sistership M/T Multitank Bolognia, owned by our partner Ahrenkiel. Expected time of delivery to the new owners is August/September and the sale of the M/T Bow Bahia gives Odfjell a gain of about USD 3 million.