Solvang ASA Company disclosures

It has been announced today that Camillo Eitzen & Co ASA has sent a notice of resignation to ENGC. Solvang ASA is partner with Eitzen in ENGC and will leave ENGC together with Eitzen. After the withdrawal period, Solvang ASA will continue the co-operation with Eitzen for 17 ethylene vessels (12 owned by Eitzen and five by Solvang). In addition to the vessels operated in co-operation with Eitzen, Solvang owns and operates 1 ethylene and 2 semi-ref ships as well as 5 fully ref ships in the 50-60.000 cbm segment. The company has 7 new buildings being delivered in 2008.

Notice of resignation from Eitzen Norgas Gas Carriers (ENGC)
It has been announced today that Camillo Eitzen & Co ASA has sent a notice of resignation to ENGC. Solvang ASA is partner with Eitzen in ENGC and will leave ENGC together with Eitzen. After the withdrawal period, Solvang ASA will continue the co-operation with Eitzen for 17 ethylene vessels (12 owned by Eitzen and five by Solvang). In addition to the vessels operated in co-operation with Eitzen, Solvang owns and operates 1 ethylene and 2 semi-ref ships as well as 5 fully ref ships in the 50-60.000 cbm segment. The company has 7 new buildings being delivered in 2008. Stavanger 30th of January 2008 Solvang ASA