Fred. Olsen business interests based in the UK are varied. They include travel and leisure interests (Fred. Olsen Travel Ltd), renewable energy (The Natural Power Consultants Ltd) and estate management (Forrest Estate Ltd). UK offices are located principally in London, Ipswich and south of Glasgow in Scotland. Fred. Olsen Cruise Lines is located in Ipswich.

Fred. Olsen Limited provides management, IT, office facilities and HR support services to these companies.

Development plans are based on organic growth and also growth by acquisition. A recent investment in the renewable energy sector is a 25% holding in SeaRoc based in Brighton. Operational investments include a wave-power device and ZephIR, a laser based system that provides wind resource measurement, used inter alia in the development of wind farms.

The Company work-ethic reflects the influence of the Fred. Olsen family over several generations, members of which are closely involved in many aspects of the businesses today.

The History

The foundation of the present day businesses was laid in the middle of the 19^th century when 3 Olsen brothers of Hvitsten in Norway took advantage of an expansion in shipping following the Crimean War. By 1875 they had 22 sailing ships and 40 by 1886. In 1896, the first steam ship was built, with a view to building a network of shipping services, firstly in the North Sea and then further afield.

Four generations later, the Fred. Olsen family continues to operate companies in the transportation, leisure and energy industries. The aim throughout is to build a reputation based on service and dependability.

Further information can be found on www.naturalpower.com, www.searoc.com and www.fredolsen.no

Fred. Olsen 2009