Fred. Olsen Energy ASA: Report for the 2nd Quarter 2015 and 1st Half Year 2015

Regulatory News:

Fred Olsen (OSE:FOE):

Figures in USD

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 209 MILLION FOR THE 2nd QUARTER 2015 AND 366 MILLION FOR THE FIRST HALF YEAR 2015

HIGHLIGHTS FOR THE 2nd QUARTER 2015

· Revenues were 326 million

· EBITDA was 209 million

· Impairment of 419 million

· Operating profit (EBIT) was negative 305 million

· Profit before tax was negative 323 million

· Earnings per share were negative 4.9

· Contract extension for Borgsten Dolphin

· Received insurance settlement for Blackford Dolphin of 26 million

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20150710005134/en/