Re Sale of Kvaerner Shares

RNS Number:8054N
Bergesen d.y. ASA
13 July 2000

BEA - Result from sale of Kvaerner shares

Total proceeds from Bergesen's sale of shares and subscription rights in
Kvaerner amounts to NOK 1,158.3 million.  The gain from the sale amounts to NOK
64.1 million.

From 1st quarter 2000 Bergesens's financial reporting is made in USD.  The sale
will in the USD accounts give a gain of USD 9.4 million and an attached currency
loss of USD 33.7 million.  The combined accounting effect of the sale is thus a
loss of USD 24.3 million.  The accounting loss will in its entirety be booked in
the second quarter.

As a result of the conversion to financial reporting in USD, the book value of
the shares in Kvaerner were set at the USD value at the time of acquisition. 
The currency loss for accounting purpose mentioned above arises because of the
development of the exchange rate between NOK and USD from the time of
acquisition until the shares were sold.


Oslo, 13 July 2000
BERGESEN D.Y. ASA

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

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