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Odfjell Konsern (OSL:ODF) Odfjell - Report First Six Months 2008

Odfjell Konsern (OSL:ODF) * First six months net result of USD 41 million, EBITDA of USD 149 million and EBIT USD 82 million * Increased freight rates offset by record high bunker prices caused time-charter results per day to decrease by 5% compared to first quarter 2008 * Gain on sale of ships of USD 7 million in the second quarter * Solid and continued improving results from tank terminals * Antitrust case in Europe closed with no financial impact

Attached please find 2nd quarter report 2008

Press contact: Senior Vice President/CFO Haakon Ringdal,ph. +47 5527 4563 or +47 995 83620, E-mail: haakon.ringdal@odfjell.com

LINK: http://hugin.info/156/R/1243006/267559.pdf

Odfjell Konsern

http://www.odfjell.com

ISIN: NO0003399909

Stock Identifier: XOSL.ODF

US: ODJAF.PK

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Odfjell Konsern

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