BDYA Bergesen 'a'

RNS Number:6181C
Bergesen d.y. ASA
17 October 2002



                  ___________________________________________

                PRESS RELEASE NO. 53/2002 FROM BERGESEN D.Y. ASA


                   BEA - ENTERS USD 800 MILLION LOAN FACILITY

Bergesen has agreed with a banking syndicate led by Barclays Bank, Den norske
Bank, Deutsche Bank, J.P. Morgan and Nordea Bank, to enter into an unsecured USD
800 million loan facility. The facility was substantially oversubscribed. Tenor
is seven years, of which the first five are without repayments.

The loan facility will, combined with Bergesen's existing loan facilities,
secure financing for the company's committed investment program and give
substantial financial flexibility for further expansion within existing business
areas.



                             Oslo, 17 October 2002


                               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



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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