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ECHEM: Axel C Eitzen har kjøpt 600.000 aksjer til pris NOK 17,3657 per aksje, eier 50,05%

Axel C. Eitzen, chairman of the board of Eitzen Chemical ASA, has

through Eitzen Invest AS on 19 February 2008 acquired 600,000 shares

in Eitzen Chemical ASA at a price of NOK 17.3657 per share. Total

holding after the transaction is 2,377,800 shares.

Furthermore Axel

C. Eitzen controls through Eitzen Holding AS, Eitzen Invest AS and

Catre AS 23,908,551 shares, equal to 55.26% of the shares in Camillo

Eitzen & Co ASA. Camillo Eitzen & Co ASA holds 85,982,236 shares,

equal to 50.05% of the shares in Eitzen chemical ASA.

Terje Askvig, CEO of Eitzen Chemical ASA, has through Peppercorn AS

on 19 February 2008 acquired 20,000 shares in Eitzen Chemical ASA at

a price of NOK 17.3657 per share. Total holding after the transaction

is 60,000 shares.

Per-Hermod Rasmussen, CFO of Eitzen Chemical ASA, has on 19 February

2008 acquired 10,000 shares in Eitzen Chemical ASA at a price of NOK

17.3657 per share. Total holding after the transaction is 10,000

shares.

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