Odfjell Konsern

Odfjell Konsern (OSL:ODF) Odfjell will publish the company's financial result in 2009 on the following dates:

Odfjell Konsern (OSL:ODF) Odfjell SE`s fourth quarter 2008 result will be released on Wednesday 4 February 2009. The result 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 (OSL:ODF) On 16 December 2008, primary insider Haakon Ringdal 2,000 A-shares in Odfjell SE at an average price of NOK 45.50.

Odfjell Konsern (OSL:ODF) Odfjell has entered into an agreement to sell MT Bow Santos (19, 997 dwt, stainless steel, built 2004 in Japan) with a net gain of USD 18 million. The vessel will be delivered to its new owner, Star Tankers AS (a company owned by Torkel Alendal) in December 2008.

Odfjell Konsern (OSL:ODF) In accordance with his employment contract Terje Storeng (59) has elected to resign from his position as President/CEO of Odfjell SE, effective as from the Annual General Meeting on 3 May 2009.

Odfjell Konsern (OSL:ODF) On 3 December 2008, primary insider Klaus Walderhaug acquired 200 A-shares in Odfjell SE at an average price of NOK 48,90 and 200 B-shares at an average price of NOK 46,40.

Odfjell Konsern (OSL:ODF) An Extraordinary General Assembly of Odfjell SE was held 2 December 2008. All items on the agenda dated 3 November 2008 were approved.

Odfjell Konsern (OSL:ODF) On 25 November 2008, primary insider Hans Erik Sæther acquired 200 B-shares in Odfjell SE at an average price of NOK 45.00. After this purchase Hans Erik Sæther owns 200 B-shares in Odfjell SE.

Odfjell Konsern (OSL:ODF) Odfjell SE has decided that all its owned, managed and time chartered ships that normally would sail through the Gulf of Aden will be routed via the Cape of Good Hope. - We will no longer expose our crew to the risk of being hijacked and held for ransom by pirates in the Gulf of Aden, says Terje Storeng, President/CEO of Odfjell SE.

Odfjell Konsern (OSL:ODF) Odfjell has today sold MT Bow Sky with a net gain of USD 32 million. The sale of the ship is to strengthen the equity following the Norwegian retroactive tax imposed last year.