IMSK - Notice of Ordinary Annual General Meeting


The Ordinary Annual General Meeting of the shareholders will be convened on Monday, 26 March 2012, at 16.00 at the Company's offices at Karenslyst Allè 8B, Skøyen, Oslo.


IMSK - Annual Report 2011


I.M. Skaugen SE has today posted its audited Annual Report 2011 on www.skaugen.com. Notice for ordinary general meeting on the 26 March 2011 was also sent to the shareholders by regular mail today. The notice is also posted on company's website.


The company has recorded minor changes from the preliminary unaudited results on 16 January 2012.


For the year, IMS reported a net loss of USD9.8 million (loss of USD14.9 million in 2010). Total Comprehensive loss of USD11 million (loss of USD15.4 million in 2010).  The EBITDA was USD 30 million (USD19.4 million in 2010). The Group's gross revenues totalled USD116.8 million (USD116.9 million in 2010).
The book equity totaled USD70 million.


I.M. Skaugen SE


If you have any questions, please contact:


Bente Flø, Chief Financial Officer, on telephone +47 23 12 03 30/+47 91 64 56 08 or by e-mail: bente.flo@skaugen.com. The press release is also available on our website: www.skaugen.com.


I.M. Skaugen SE (IMS) is a marine transport service company, with a focus on Innovative Maritime Solu-tions. Our core business is the seaborne transport and logistics of liquefied gas, such as petrochemical gases, LPG and LNG.


IMS currently operates 39 vessels worldwide, which are engaged in the transportation of petrochemical gases, chemicals, LPG and LNG, the marine transfer of crude oil and LNG, as well as LNG terminal man-agement. We also have in-house capability for the development and design of specialized high quality vessels within our niche.


IMS employs approximately 2.000 people, with 20 nationalities represented. We manage and operate our activities from our offices in Singapore, Shanghai, Bahrain, Houston, St. Petersburg, Sunderland and Oslo.


IMS is listed on the Oslo Stock Exchange under the ticker code, IMSK.