Bonheur ASA and Ganger Rolf ASA, together holding the majority shares of Fred. Olsen Energy ASA ("FOE"), consider to sell in total up to 2 million shares in FOE after market close today.

ABG Sundal Collier has been retained as the sole manager for the potential secondary sale of shares.

The sellers in total currently own 35,628,764 shares in FOE, representing approximately 53.4% of the total number of outstanding shares in FOE. In the event that the maximum 2.0 million shares are sold, Bonheur ASA and Ganger Rolf ASA would each own 16,814,382 shares in FOE after the placement, together representing approximately 50.4% of the total number of outstanding shares in FOE. The sellers are primary insiders of FOE.

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