Acquisition Of Own Shares

Eitzen Chemical ASA Eitzen Chemical ASA has on 29 May 2008 acquired 50,000 own shares at an average price of NOK 18.90 per share.

The Company's total holding of Eitzen Chemical shares after the acquisition is 50,000 shares.

For further information, please contact:

Mr Terje Askvig +47 2400 6100 Chief Executive Officer

Mr Per-Hermod Rasmussen +47 2400 6100 Chief Financial Officer

Eitzen Chemical ASA

http://www.eitzen-chemical.com/

ISIN: NO0010327620

Stock Identifier: XOSL.ECHEM