Fairmount Application for OSE Listing Approved

The Board of the Oslo Bors resolved to admit the shares of Fairmount Heavy Transport N.V. for trading on the SMB-list of Oslo Stock Exchange.

Fairmount Heavy Transport CEO, Philip Adkins: "The Oslo Stock Exchange is the leading stock market for global energy companies today. We are proud to be admitted to its membership. The listing represents a significant milestone for our company and provides access to additional sources of capital to increase our competitiveness and capture value for our shareholders."

In line with the increasing stringent requirements for publicly listed companies, the company places great value on transparency and accountability to its shareholders.

The company undertakes to list its shares as soon as is practical. The currently anticipated first day of listing is November 9, 2006.