Update on Restructuring

Arendal, 10 March 2011

To facilitate the approved restructuring, there will be a temporary transfer restriction of the Bond Issues, implying that the Bond Issues will be blocked by VPS and no transfer of bonds will be allowed from and including 15 of March 2011.

See enclosed document from Norsk Tillitsmann ASA.

For further information, contact:
CFO Ivar H. Halvorsen   +47 48 13 22 45