Major Stakeholders in Fred. Olsen Energy Consider Share Sale

Bonheur ASA and Ganger Rolf ASA, together majority owners of Fred. Olsen Energy ASA ("FOE"), are considering selling in total up to 5.0 million shares in FOE after market close today. ABG Sundal Collier has been retained as manager for the potential secondary sale of shares.

The sellers in total currently own 40,628,764 shares in FOE, representing approximately 62% of the total number of outstanding shares in FOE. The maximum number of shares to be sold equals 12.3% of the sellers' current combined shareholding in FOE. The sellers are insiders in Fred. Olsen Energy ASA.