IMSK - New market maker agreement
I.M. Skaugen SE (IMS) has now entered into a new market maker
agreement for the company's shares with Argo Securities AS (Argo).
The prior market arrangement was terminated as per 26th of October
2009. The arrangement is effective as of today. The new agreement
should provide our many smaller shareholders with a better liquidity
scheme by offering larger bid / ask volumes and tighter spread
compared to our previous arrangements.
In addition to the "standard" market maker agreement, Argo will seek
to improve the liquidity in larger blocks via a shared risk scheme.
If Argo wants to buy a larger block of shares we at IMS may assist
for it to do so by entering into "put options" for the company's
shares that Argo may buy and resell. There is a shared risk on the
result of this between Argo and IMS and if the shares remain unsold
the shares will be bought by IMS and treated as treasury shares. Any
transactions made by IMS under this arrangement will be announced,
and will be in accordance with the authorization to acquire the
company's own shares. The setup is clarified with the Financial
Supervisory Authority of Norway.
We currently enjoy 2 200 shareholders where 99% of the shareholders
own 25% of the shares, and the new arrangement is intended to offer
these shareholders a more cost efficient and better liquidity
arrangement.

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. This press  release
is   also    available   on    the   Internet    at   our    website:
www.skaugen.com.


Listed on the Oslo  Stock Exchange under the  ticker code IMSK,  I.M.
Skaugen SE (IMS) - is a marine transportation service company engaged
in the hassle-free transportation of petrochemical gases LPG and LNG,
marine transfer of crude oil and LNG, and the design and construction
of smaller and specialised high quality vessels.

We are  a fully  integrated shipping  company that  designs,  builds,
owns, mans  and  manages  our  own ships.  IMS  customers  are  major
international companies in the  oil and petrochemical industry,  whom
we serve worldwide from our presence in Bahrain, Freeport and Houston
(USA), Oslo and  Stavanger (Norway), Singapore,  Sunderland (UK)  and
Nanjing, Shanghai, Taizhou, Zhangjiagang  and Wuhan (China). We  also
operate  recruitment  and  training  programmes  in  St.   Petersburg
(Russia) and Wuhan (China) for the crewing of vessels.

IMS employs approximately 1,700  people and currently operates  about
35 vessels worldwide. The fleet  comprises petrochemical gas and  LPG
carriers, Aframax tankers and lightering support vessels, barges  and
tugs.

We have  a comprehensive  newbuilding programme  in China,  of  which
three  3,200cbm   LPG  vessels   are   delivered  and   sold;   three
purpose-designed  combination  carriers  with  LPG/Ethylene/VCM   and
Organic  chemicals  carrying  capability;  and  up  to  ten  advanced
10,000-12,000cbm LNG/ LPG/Ethylene gas  carriers, with delivery  from
2009 and onwards. IMS  has invested and  built up internal  resources
and infrastructure in China to ensure innovative and flexible vessels
at lower cost. During 2008 we also completed our latest fleet renewal
programme for SPT, with the delivery of six new purpose-designed  and
-built Aframax tankers on a long-term bareboat charter.


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