Report for the 1st quarter 2013

Figures in NOK

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 791 MILLION IN 1Q 2013

HIGHLIGHTS

Revenues were 1,591 million
EBITDA was 791 million
Operating profit (EBIT) was 446 million
Profit before tax was 469 million
Earnings per share were 6.7
Borgny Dolphin - secured a 1 year contract extension

Post quarter events:
Borgland Dolphin - awarded a 3 well contract extension, estimated to six months


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