57OT Hsbc Bk. 25

RNS Number:8120M
Bergesen d.y. ASA
26 June 2000



BEA - Bergesen exercises option to buy 2 tankers

Bergesen has executed an option to buy two more tankers of 296.000 dwt from
Hitachi Zosen Corporation, Japan.

The vessels will be delivered in February and June 2002, and will be vessel no.
7 and no. 8 delivered by Hitachi to Bergesen. The contract for the first six
vessels was entered into earlier this year, and the first two vessels have
already been delivered. The delivery program for the Hitachi-series is as
follows:

Vessel no. 1   (Berge Ichiban)        March 2000 
Vessel no. 2   (Berge Tokyo)          April 2000
Vessel no. 3   (Berge Fuji)           July 2000 
Vessel no. 4   (T. B. N.)             January 2001
Vessel no. 5   (T. B. N.)             March 2001
Vessel no. 6   (T. B. N.)             May 2001
Vessel no. 7   (T. B. N.)             February 2002
Vessel no. 8   (T. B. N.)             June 2002

The combined contract price for the two tankers is approx. USD 140 million.

The Hitachi-series represents a strong renewal of Bergesen's tanker fleet. The
company has in 1999 and so far this year sold altogether seven old tankers, of
which five for scrapping. It has been decided to convert another two old tankers
to floating production vessels.

Bergesen will by this fleet renewal be well positioned to benefit from the
expected strong tanker market ahead.


Oslo, 26 June 2000

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

END

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