Eitzen Chemical - Summons for bondholders' meeting

As previously announced, Eitzen Chemical ASA is in the process of developing a long term financial plan. The plan is built around a new debt repayment schedule and covenant structure to fit the current market conditions in addition to a new equity issue. Eitzen Chemical is currently in the process of negotiating amendments to its main loan agreements. The Company has proposed that installments are deferred and certain covenants are amended, among other proposed changes in the main loan agreements.As part of the restructuring process, the Company has called for a bondholders' meeting to consider a proposal for amendments to the loan agreement for the FRN Eitzen Chemical ASA Callable Bond Issue 2006/2011 bond loan, consisting of a USD tranche with ISIN NO 00133433.7 and a NOK tranche with ISIN NO 001033434.5.The meeting will be held in the premises of Norsk Tillitsmann ASA (the loan trustee for the bond loan).