Acquisition Of Own Shares

Eitzen Chemical ASA Eitzen Chemical ASA has on 18 June 2008 acquired 34,500 own shares at an average price of NOK 20.50 per share.

The Company's total holding of Eitzen Chemical shares after the acquisition is 293,500 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