Reference is made to the stock exchange notice from Eitzen Chemical ASA ("Eitzen Chemical" or "the Company") dated 29 November 2012 regarding the summons for a bondholders' meeting (the "Summons") in the FRN Eitzen Chemical ASA Callable Bond Issue 2006/2011 bond loan, consisting of a NOK tranche with ISIN NO 001033434.5 and a USD tranche with ISIN NO 00133433.7.

The bondholders' meeting has today resolved to approve the proposed amendments in accordance with the Summons. The notice from the bondholders' meeting is attached. This means that all of the resolutions from the bondholders that are necessary to complete the restructuring of the bond and bank loans have been obtained. The resolution is conditional upon the proposed restructuring of the bank loans becoming effective.

The Company is in the process of executing amended loan agreements with the banks to conclude the financial restructuring of Eitzen Chemical and will announce more details in due course.



For further information, please contact:

Andreas Reklev
Chief Financial Officer
Phone: +47 9320 8886

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

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