Re Contract

RNS Number:8659F
Bergesen d.y. ASA
26 June 2001



                    TRACTEBEL DOES NOT EXERCISE OPTION

Primo June 2001, Bergesen entered into a charter contract for the second 
LNG-carrier which the company has ordered at Daewoo, with Cabot LNG, LCC. The
charter contract has a minimum 20 year duration from delivery in 2003.

In connection with the charter contract, Bergesen offered Cabot's parent
company, Tractebel, an option to participate with a 49% ownership share in the
vessel.

Tractebel has now confirmed that they will not exercise this option.
Accordingly, Bergesen will own 100% of this vessel.

Tractebel has earlier exercised an option to participate with a 49% ownership
share in the first LNG-carrier Bergesen has ordered at Daewoo.

                         Oslo, 26 June 2001 

                         BERGESEN D.Y. ASA

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

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

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