Extension of Grace period on interest on USD 100 million Bond loan

Arendal, 12. July 2010

Cecon has today received an extension of grace period on interest payment.

Visit of Oil- and Energy Minister to Cecon.

The Oil- and Energy Minister, together with a delegation from the Ministry visited Cecon and was briefed on current activities.
The visit was in connection with a series of visits to the industry in preparation of a paper on future oil- and gas activities.

EXECUTIVE APPOINTMENTS

• Morten Kilen (43) is appointed Operations Director in Cecon ASA.
• Andrew Towler (50) is appointed Business Development Director in Cecon ASA, currently based in Perth, Australia.
• Jørn Otto Gundersen (47) is appointed Commercial Director in Cecon ASA.