New chairman of the board of Morpol ASA

Oslo, 25 May 2011: Morpol ASA ("Morpol" or the "Company" - OSE: MORPOL)

Thorhild Widvey has been elected as the new chairman of the board of Morpol ASA.

Further to the annual general meeting held 19 May 2011, the nomination committee has commenced its assessment of the composition of the board of directors so that an extraordinary general meeting can be summoned within reasonable time.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities

Trading Act)