Odfjell Launches Bond Issue

Odfjell ASA has launched a bond issue in the Norwegian market with a maximum amount of NOK 600 million.

The first tranche will be NOK 400 million. The bond issue will have a tenor of five years and offers a coupon of 3 month NIBOR + 0.80%. The disbursement date is March 17, 2006.

An application will be made for a listing of the bond on the Oslo Stock Exchange.

DnB NOR Markets is appointed as the sole lead manager for the issue in the Norwegian bond market.

For further information about the bond issue, please contact DnB NOR Markets.