Hitt og þetta 24. apríl 2006

Camillo Eitzen & Co ASA - Mandatory offer for shares in Eitzen Maritime Services ASA

Camillo Eitzen & CO ASA (CECO) notified on 30 March 2006 that it acquired 3,384,518 shares from Krefting AS, which is 100% owned by Christian Krefting. Furthermore, that CECO after the acquisition has a total shareholding in Eitzen Maritime Services ASA (EMS) of 71,595,104 shares, equivalent to 69.3%, and that CECO and close associates hold 75,655,104 shares, equivalent to 73.2% of the outstanding shares and voting rights in EMS.

CECO hereby notifies that a public offer for all shares in EMS will be set forth in compliance with the rules for mandatory offers NOK 3.18 per share. The offer will be set forth on 27 April 2006.

Axel C. Eitzen Chief Executive Officer Tel: +47 67 11 98 00