<![CDATA[Odfjell SE]]>
*EBITDA first half 2006 USD 130 million
*Capital gain of USD 14 million due to compensation for relocation of the Dalian tank terminal
*Higher ship operating expenses than first quarter]]>
Attached please find 2nd Quarter Report 2006

Press contact: President/CEO Terje Storeng, ph. +47 5527 0000 or Senior Vice President/CFO Haakon Ringdal +47 55 274563 +47 , +47 995 83620E-mail: Haakon.Ringdal@odfjell.com
 
Additional information about Odfjell is available at: www.odfjell.com
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