Reference is made to the minutes from the extraordinary general meeting in Eitzen Chemical ASA ("Eitzen Chemical" or "the Company") today;

The general meeting resolved to increase the Company's share capital and do a reverse split of the Company's shares. These resolutions will be registered with the Register of Business Enterprises in Brønnøysund today, and the shares in Eitzen Chemical will be listed ex reverse split and with new face value as from tomorrow, 6 February 2013.

100 existing shares will give 1 new share. Following the increase of the share capital and the reverse split, there will be 11,280,224 shares in the Company, each with a face value of NOK 75.

For further informaation, please contact:

Per Sylvester Jensen
Chief Executive Officer
Telephone: +47 23 11 43 20

Andreas Reklev
Chief Financial Officer
Telephone: +47 23 11 43 21

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

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