* Time-charter results 4% lower than third quarter 2007 due to record high bunker
prices
* Continuously increasing ship operating and administrative expenses
* Strong results from tank terminals
* EBITDA 2007 USD 315 million
* Tax cost of USD 140 million relating to retroactive taxation of tonnage tax company in
Norway
* Net result 2007 loss of USD 10 million
Press contact: Senior Vice President/CFO Haakon Ringdal,ph. +47 5527 4563 or +47 995 83620, E-mail: haakon.ringdal@odfjell.com
Additional information about Odfjell is available at: www.odfjell.com
