Ocean HeavyLift ASA (OSL:OHL) HEAVYLIFT HAWK DELIVERED

Ocean HeavyLift ASA (OSL:OHL) Ocean HeavyLift took delivery of the vessel HeavyLift Hawk from Songa Ancora Pte. Ltd. today, after conversion at the shipyard, Huarun Dadong Dockyard, in China. The final price of the vessel is about USD 86 million.

HeavyLift Hawk will pick up its first cargo in the Shanghai area directly after delivery.

Oslo, 5 December 2008

For further information, please contact:

Cato Hellstenius CEO Mob: +47 90 66 65 87 ch@oceanheavylift.no

Sunniva Rudstrøm CFO Mob: +47 41 44 00 38 sr@oceanheavylift.no

OCEAN HEAVYLIFT ASA (OHL) is a Norwegian oil service company owning vessels suitable for dry transportation of offshore drilling rigs and offshore modules. The company is the second largest heavy lift vessel owner in the world and presently owns and operates four semi-submersible heavy lift vessels. OHL was established in 2005 and listed on the Oslo Stock Exchange in May 2007. www.oceanheavylift.no

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Ocean HeavyLift ASA

http://www.oceanheavylift.no/

ISIN: NO0010290786

Stock Identifier: XOSL.OHL