Odfjell SE - 4th Quarter Result 2009

(Thomson Reuters ONE) - * Soft parcel tanker market with time-charter results 7% lower than third quarter * Continued strong operating results from tank terminals * Compensation from Sevmash of USD 43 million * Pre-tax impairment charges of USD 14 million relating to Odfjell Terminals Maritiem and one ship planned for recycling * EBITDA 2009 USD 182 million * Net result 2009 USD 11 millionAttached please find the report of the 4(th) Quarter Result 2009.On Monday 8 February President/ CEO Jan A. Hammer and CFO Haakon Ringdal willpresent the fourth quarter results 2009. The presentation will be held at DnBNOR at Stranden 21, Aker Brygge at 14:00 CET. The presentation will be held inNorwegian.There will be an opportunity to ask questions. The presentation will be madeavailable on www.odfjell.com/Investor Centre.For more information: President/CEO Jan A. Hammer, ph. + 47 55 27 46 11, mobile:+ 47 908 39 719 or e-mail: jan.hammer(at)odfjell.com or Senior Vice President/CFO Haakon Ringdal, ph.+ 47 55 27 45 63, mobile: + 47 995 83 620 or e-mail: haakon.ringdal(at)odfjell.comThe Odfjell Group is a leading participant in the global market of the seabornetransportation and storage of chemicals and other speciality bulk liquids.The Odfjell fleet exceeds 90 ships, trading both globally and regionally. Thetank terminal division consists of nine fully or partially owned tank terminalsand nine associated tank terminals strategically located. The Odfjell Group isheadquarted in Bergen, Norway and has more than 20 offices world wide. Odfjellhas about 3 700 employees and an annual gross revenue of about USD 1.3 billion.This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1381326] Report 4th Quarter 2009: http://hugin.info/156/R/1381326/340669.pdf

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Datum: 08.02.2010 - 02:16 Uhr
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