Camillo Eitzen & Co ASA (OSL:CECO) MANDATORY NOTIFICATION OF TRADE

Camillo Eitzen & Co ASA (OSL:CECO) Catre AS, which is controlled by Axel C. Eitzen, CEO of Camillo Eitzen & Co ASA, has on 3 September 2008 acquired 300,000 shares in Camillo Eitzen & Co ASA at a price of NOK 57.50 per share.

Total shares controlled by Axel C. Eitzen after the acquisition is 24,390,651 shares.

Snorre Krogstad Chief Financial Officer Tel: +47 24 00 61 00

Camillo Eitzen & Co ASA

http://www.camillo-eitzen.com

ISIN: NO0010227036

Stock Identifier: XOSL.CECO