Presentation of 3q99 result

I.M. Skaugen ASA (OSE ticker: SKA) will hold a conference call in connection
with the release of the results per 3q99

Friday October 8th at 15:00 hrs Oslo time.

The press release will be sent to the Oslo Stock Exchange at 14:00 hrs the
same day, and the presentation will be available on the Internet:
http://www.skaugen.com (select quarterly presentation) at the same time.

From IMS, the following will attend:
Morits Skaugen jr., President & CEO
Terje Ørehagen, COO NGC
Trygve P. Munthe, President SPT
Erik A. Lind, President China Activties
Bente Flø, Vice President Accounting
Beate Lofseik, Information Services

Anyone wishing to attend the presentation, kindly call +47 800 81 119, code:
6181. Phone lines will open 5 minutes before the call.

If you cannot participate in the call, a taped recording will be available
from Oct 8th 17:00 hrs to Oct. 15th 16:00 hrs by calling +47 22 33 11 13,
user code: 116#, id code: 16. You can also download the conference call
recording from our web site.

For additional information please contact Beate Lofseik, phone +47 23 12 03
17 or e-mail: beate.lofseik@ngc.no.

Welcome!