57OT Hsbc Bk. 25

RNS Number:0180V
Bergesen d.y. ASA
24 April 2002



Letter to RNS

                       BEA - ANNUAL GENERAL MEETING

Bergesen d.y. ASA held its Annual General Meeting 24 April.
Resolutions passed at the Annual General Meeting are all in accordance with the 
notice. We also confirm an approved dividend of NOK 7, - per share.


Contact person: Svein Erik Amundsen, Managing Director, 
Telephone: + 47 22 12 05 13

Other information about Bergesen is available at: www.bergesen.no


Pursuant to resolutions passed at the General Meeting mentioned above, please be 
advised that:

1.  The Board of Directors.

    After elections at the Annual General Meeting the Board of Directors now 
    consists of:

    Mr. Morten Sig. Bergesen, Chairman 
    Mr. Petter C.G. Sundt, Vice Chairman 
    Mr. Lars A. Christensen 
    Mr. Johan Fredrik Odfjell 
    Mr. Christian Ringnes.

2.  The Annual Accounts.

    The Annual Accounts for 2001 as presented to the shareholders was approved.

3.  Dividend.

    The Board of Directors' recommendation to distribute a dividend of NOK 7.00 
    per share was approved by the shareholders.

4.  Reduction of Share Capital

    The Board of Directors' recommendation to reduce the share capital by NOK 
    8,497,500 by cancellation of totally 3,399,000 own shares was approved by 
    the shareholders. The reduction of the share capital is in line with the 
    Company's shareholder policy and makes the basis for the new Power-of-
    Attorney to acquire additional own shares.

5.  Articles of Association.

    Amended Articles of Association will be sent you after implementation of the 
    reduction in the share capital.

6.  Power of Attorney to acquire own shares.

    The Annual General Meeting granted the Company's Board of Directors Power-of
    -Attorney to let the Company acquire A- and/or B-shares in the Company at a 
    total nominal value of up to NOK 14,905,514.- with upper price limit of NOK 
    300.00 per share and lower price limit of NOK 2.50 per share. The Board of 
    Directors shall be free to elect the means for acquisition or sale of shares 
    in the Company. The Power of Attorney will expire 18 months from 24 April 
    2002.

    It was explained that in given circumstances acquisition of own shares can 
    be a suitable and efficient instrument to enhance the interests of the 
    company and its shareholders.

    The company meets the requirements of The Norwegian Public Limited Companies 
    Act in respect of equity allowing purchase of own shares up to 10% of the 
    share capital.


From: Bergesen d.y. ASA


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