Mandatory notification of trade

Primary insider Hjalmar Krogseth Moe, CFO of Fred. Olsen Energy ASA (FOE), has today, 22 July 2016 acquired 10,000 shares in FOE at a price of NOK 16.40 per share. After the transaction, Hjalmar Krogseth Moe holds 10,000 shares in FOE.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act