Fred. Olsen Energy ASA: Report for 2nd quarter 2013 and the 1st half year 2013

Regulatory News:

Figures in NOK

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 935 MILLION FOR THE 2nd QUARTER 2013 AND 1,726 MILLION FOR THE FIRST HALF YEAR 2013

HIGHLIGHTS FOR THE 2nd QUARTER 2013

· Revenues were 1,788 million

· EBITDA was 935 million

· Operating profit (EBIT) was 581 million

· Profit before tax was 573 million

· Earnings per share were 8.3

· Three-well contract extension for Borgland Dolphin

· Four optinal wells exercised for Bredford Dolpin

Post quarter events:

· Two one-well contracts for Blackford Dolphin (http://file///C:\newsweb\search.do%3fmessageId=299717)

http://mb.cision.com/Public/1794/9440696/90561dd0be4e02ac.pdf

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