01/30/2017

INFORMATION TO THE BONDHOLDERS IN FOE05

Reference is made to the stock exchange notice from Fred. Olsen Energy ASA on 26 January 2017 concerning the approval by the bondholders' meeting in FOE05.

Attached is information on the record date and partial redemption of bonds.

Contact person:

CFO Hjalmar Krogseth Moe, +47 22 34 12 49