Reference is made to the stock exchange release from Eitzen Chemical ASA ("Eitzen Chemical" or "the Company") today regarding the reverse split and new face value as adopted by the general meeting;

Eitzen Chemical has received an updated company certificate from the Norwegian Register of Business Enterprises evidencing the announced share capital change. The shares will be listed ex reverse split and with new face value as from tomorrow, 6 February 2013.

100 existing shares will give 1 new share. Following the increase of the share capital and the reverse split, there are 11,280,224 shares in the Company, each with a face value of NOK 75.



For further information, please contact:

Per Sylvester Jensen
Chief Executive Officer
Telephone: +47 23 11 43 20

Andreas Reklev
Chief Financial Officer
Telephone: +47 23 11 43 21

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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