Completion of yard facility sale in Sweden

10.02.2010

Bergen Group refers to the stock exchange message from November 19(th) 2009 stating that the company had signed a letter of intent regarding the sale of its hull shipyard in Landskrona, Sweden. The final agreement is signed and yard area, fixed assets and inventories are now sold from Landskronavarvet AB to Øresundvarvet AB. The sale will provide Bergen Group with a positive liquidity effect and a limited accounting profit to be entered in Q1 2010.

The activity at the Swedish hull shipyard has been phased out since the last hull delivery in August 2009.

Bergen Group operates in four business areas; offshore, maritime service, technology and shipbuilding. The activity in shipbuilding is related to the construction of advanced offshore vessels and specialized ships.

Bergen Group