Ocean HeavyLift ASA (OSL:OHL) MARKET MAKER AGREEMENT

Ocean HeavyLift ASA (OSL:OHL) Ocean Heavy Lift ASA has ended its market making agreement with Carnegie ASA for the company's shares. The market making agreement, which is in accordance with the requirements from the Oslo Stock Exchange, will discontinue as of today.

Oslo, 13 October 2008

For further information, please contact: Cato Hellstenius CEO Mob: +47 90 66 65 87 ch@oceanheavylift.no

OCEAN HEAVYLIFT ASA (OHL) is a Norwegian oil service company owning vessels suitable for dry transportation of offshore drilling rigs and offshore modules. The company is the second largest heavy lift vessel owner in the world. The company presently owns three semi-submersible heavy lift vessels, and will have four vessels in operation when the last vessel under conversion by Songa Ancora Pte Ltd is delivered. OHL was established in 2005 and listed on the Oslo Stock Exchange in May 2007. The company currently has a market capitalisation of NOK 1.3 billion.

www.oceanheavylift.no

This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Ocean HeavyLift ASA

http://www.oceanheavylift.no/

ISIN: NO0010290786

Stock Identifier: XOSL.OHL