ESA INVESTIGATION


ESA will investigate whether there has been of any breach 
of article 53 of the EEA agreement or article 81 if the EC 
Treaty.

Odfjell ASA takes this investigation seriously and will 
cooperate fully with ESA to facilitate their work so that 
the investigation can be completed as soon as possible.

Any questions related to this issue should be directed to 
Jarle Haugsdal in the travelling absence of CEO Bjørn 
Sjaastad.

Bergen 19.02.03

Odfjell ASA

B.D. Odfjell jr.
Chairman of the BOD