OSLO, Norway, Jan. 2, 2003 (PRIMEZONE) -- Northern Offshore Ltd. (Other OTC:NOFSF) (the "Company") advises that the Annual General Meeting of the Company was held on December 31, 2002 at 11:00 a.m. at Cedar House, 41 Cedar Avenue, Hamilton, Bermuda. The following resolutions were passed:
1) To re-elect Jon-Aksel Torgersen as a Director of the Company.
2) To re-elect Tor Olav Troeim as a Director of the Company.
3) To re-elect Shaun Morris as a Director of the Company.
4) To re-elect Dimitris Hannas as a Director of the Company.
5) To appoint PricewaterhouseCoopers of Hamilton, Bermuda as
auditors and to authorise the Directors to determine their
remuneration.
In addition, the audited consolidated financial statements for the Company for the year ended December 31, 2001 were presented to the Meeting.
Jill Paynter, Company Secretary