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Dolphin Drilling AS AGM Information 2010

May 26, 2010

3582_rns_2010-05-26_fda5b425-5cb0-4203-acfd-1d93bf58015c.html

AGM Information

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ANNUAL GENERAL MEETING

ANNUAL GENERAL MEETING

ANNUAL GENERAL MEETING

The Annual General Meeting of Fred. Olsen Energy ASA was held today,

Wednesday 26 May 2010. All proposals on the agenda were adopted in

accordance with the agenda for the Annual General Meeting which was sent

to the Oslo Stock Exchange on 5th May 2010.

The Annual General Meeting (AGM) of Fred. Olsen Energy ASA has today

approved the financial statements and annual report of Fred. Olsen

Energy ASA and the Group for 2009 as well as the Board's proposal of an

ordinary dividend of NOK 10 per share. The dividend is estimated to be

paid on or about 15th July 2010 to shareholders registered as holding

shares on the date of the AGM.

As of 27 May 2010, the shares will be traded exclusive of dividend.

Please find enclosed protocol and presentation from the AGM.