Camillo Eitzen & Co ASA (OSL:CECO) MANDATORY NOTIFICATION OF TRADE

Camillo Eitzen & Co ASA (OSL:CECO) Camillo Eitzen & Co ASA (CECO) has on 4 September 2008 acquired 3,000,000 shares in Eitzen Chemical ASA (ECHEM) at a price of NOK 19.50 per share.

Total holding of shares after the acquisition is 88,982,236 shares (52,1% of outstanding shares in Eitzen Chemical ASA).

Snorre Krogstad Chief Financial Officer Tel: +47 24 00 61 00

Camillo Eitzen & Co ASA

http://www.camillo-eitzen.com

ISIN: NO0010227036

Stock Identifier: XOSL.CECO