Improved results for Eitzen Chemical ASA

August 15, 2007

Eitzen Chemical ASA (OSE: ECHEM) today reported its 2nd quarter 2007 results. The Company posted EBITDA of USD 48.1 million, increasing from USD 38.9 million in the previous quarter. Net profit for the quarter was USD 16.2 million compared to USD 0.8 million in the first quarter.