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BEA - ANNUAL GENERAL MEETING

Bergesen d.y. ASA on 24 April 2003 held its annual general meeting.

The decisions of the annual general meeting appears from enclosure to
this press release.

Oslo, 24 April 2003

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



BERGESEN D.Y. ASA - ANNUAL GENERAL MEETING ON 24 APRIL 2003

Pursuant to resolutions passed at the General Meeting mentioned
above, please be advised that:

1. The Board of Directors.

After elections at the Annual General Meeting the Board of Directors
now consists of:

Helmut Sohmen, Chairman
Andreas Sohmen-Pao, Vice Chairman
Michael J. Blakely
Svein Erik Amundsen
Morten Sig. Bergesen

2. The Annual Accounts.

The Annual Accounts for 2002 as presented to the shareholders was
approved.

3. Dividend.

The Board of Directors' recommendation to distribute a dividend in
the amount of  NOK 7 per share was approved by the shareholders.

4. Reduction of the Share Capital

The Board of Directors' recommendation to reduce the share capital by
NOK 5,691,625 by deletion of 2,276,650 purchased, own shares in
total, was approved by the shareholders.

5. Articles of Association.

Amended Articles of Association will be effective upon the
implementation of the reduction in the share capital.

6. Power of Attorney to purchase own shares.

The Annual General Meeting granted the Company's Board of Directors
Power of Attorney to let the Company purchase A and/or B-shares in
the Company at a total nominal value of up to NOK 14,336,351, with
upper price limit of NOK 300.00 per share and lower price limit of
NOK 2.50 per share. The Board of Directors shall be free to elect the
means for purchase or sale of shares in the Company. The Power of
Attorney will expire 18 months from 24 April 2003.

The company meets the free equity requirements of The Norwegian
Public Limited Companies Act to purchase up to 10% of the share
capital.



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