I M Skaugen SE (IMSK) has on 25th November 2009, purchased 3,000 own
shares at an average price of NOK 34,-.

Holdings after this transaction: 62,600 shares.

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, specialised high quality vessels.

IMS is  a fully-integrated  shipping  company that  designs,  builds,
owns, mans  and  manages  its  own ships.  IMS  customers  are  major
international companies in the  oil and petrochemical industry,  whom
it serves worldwide from locations  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.

IMS has  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 onwards. IMS has  invested and built  up internal resources  and
infrastructure in China to ensure innovative and flexible vessels  at
lower cost.


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.