Christian Salvesen : effective date of scheme of arrangement – cancellation of listing

Christian Salvesen PLC (“Christian Salvesen”) announces that the Court granted an order confirming the reduction of the share capital of Christian Salvesen as part of the scheme of arrangement under section 425 of the Companies Act 1985 to effect the recommended acquisition by Groupe Norbert Dentressangle S.A. of the entire issued and to be issued ordinary share capital of Christian Salvesen (the “Scheme”) on the terms set out in a circular despatched by Christian Salvesen to its shareholders on 15 October 2007. A copy of the Court order has been delivered to and registered by the Registrar of Companies. The Scheme accordingly became effective today.

Christian Salvesen will apply to the United Kingdom Listing Authority for the cancellation of the listing of its ordinary shares on the Official List and to the London Stock Exchange for the cancellation of the admission of its ordinary shares to trading on the London Stock Exchange’s market for listed securities, in each case with effect from 8.00 am on 17 December 2007.