Bonheur ASA - Wind turbine contract - Crystal Rig II

Fred. Olsen Renewables AS, which is 50% owned by each of Ganger Rolf ASA and Bonheur ASA, has, through a wholly owned subsidiary, entered into a turbine supply agreement and a five year service and warranty agreement with Siemens Power Generation for the supply of 51 turbines for the Crystal Rig II wind farm project. The turbines will be delivered during 2009 and 2010 and are of the make Siemens 2300 kW (SWT-2.3-82 VS). The total contract value for the two aforementioned, agreements is about GBP 100 million. The Crystal Rig II wind farm is located in the Lammermuir Hills, southeast of Edinburgh, Scotland, and will on completion have a generating capacity of 117MW. Contact person: CEO Katherine Støvring, Fred. Olsen Renewables AS, phone: +47 48401137 / +47 22341122 Oslo, 28 November 2007