Odfjell Konsern (OSL:ODF) *Time-charter results increased by 10% compared to second quarter * EBITDA first nine months 2008 USD 234 million * Solid results from tank terminals * Stronger USD contributed to unrealized currency gains of USD 13 million third quarter 2008

Attached please find 3rd quarter report 2008.

On Monday 27 October, President/ CEO Terje Storeng will present the third quarter 2008 result in a conference call at 14:00 CET. Dial -in number are: 800 19 640 from Norway 0800 028 1299 from the UK 1888 935 4575 from the US + 44 20 7806 1967 from International

Conference ID: 2661314

There will be an opportunity to ask questions. A replay of the conference call will be made available on www.odfjell.com, 'Investor Relations','Webcast'.

_______________________________________________________________________ Press contact: Senior Vice President/CFO Haakon Ringdal, ph + 47 55 45 63 or + 47 995 83 620. E-mail: haakon.ringdal@odfjell.com

Additional information about Odfjell is available at: www.odfjell.com

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



LINK: http://hugin.info/156/R/1263317/277295.pdf

Odfjell Konsern
http://www.odfjell.com

ISIN: NO0003399909

Stock Identifier: XOSL.ODF

US: ODJAF.PK

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