1 February 2012

Bergen Group Rosenberg buys majority shareholding in engineering company

More engineering power for Bergen Group Rosenberg

(Stavanger, February 1st 2012): Bergen Group Rosenberg has signed a Letter of Intent regarding the acquisition of the majority shareholding (60%) in engineering company Origo Process AS in Stavanger. Origo Process AS is a well-established supplier of process expertise to the oil and gas industry.

- For a long time Bergen Group Rosenberg has worked on developing and increasing the engineering capacity of the company. The purchase of the majority shareholding in Origo Process AS is one of the actions that help strengthen our current growth, says CEO Kristin Færøvik in Bergen Group Rosenberg.

Færøvik is very happy with both the quality and the competence represented by the employees of Origo Process.

-We look forward to starting the collaboration with a proficient engineering environment, which will benefit both us and our customers, in existing as well as new projects, Færøvik says. The plan is to develop Origo Process AS as an independent company and a process house – with good operational bonds to Bergen Group’s strong engineering department.

General Manager Hans Jacob Melhus in Origo Process AS is very pleased that Bergen Group Rosenberg now becomes the main shareholder in the company.

- During its 10-year long history, Origo Process has come a long way in its effort to build a professionally strong process environment, which has increased the demand for our services in the offshore market. Our ambitions for further growth will be strengthened through the new ownership. Bergen Group Rosenberg provides us with long-term security to develop the company in an exciting and future-oriented market, Melhus points out.

Bergen Group Rosenberg is a fully owned daughter company of Bergen Group ASA, and constitutes an important part of the corporation’s Offshore division. Bergen Group Rosenberg has currently around 600 employees, including an engineering environment of more than 250 persons. The company is located at Buøy in Stavanger, and will during the first quarter of the year relocate to a brand new, state of the art office and administration building with capacity for 600 workplaces.

Origo Process AS supplies process expertise to the oil and gas industry, and their vision is to be a leading supplier of such expertise in Norway. Currently Origo Process AS consists mainly of process engineers, supported by mechanical/piping/layout engineers. With their unique background the employees in Origo Process have experience that ranges from early phase, static and dynamic simulations, engineering and operations. Their customer list consists of various oil companies, such as Statoil, BP, Marathon Oil, Talisman and ConocoPhillips.

For further information please contact:

Kristin Færøvik, Executive Vice President Bergen Group Offshore and

CEO Bergen Group Rosenberg, phone +47 95763183

Hans Jacob Melhus, General Manager Origo Process AS, phone + 47 48103444

Rosenberg-foto_Melhus_og_Lange_-_low.jpg

General Manager Hans Jacob Melhus (to the left) in Origo Process AS and Marketing Director Erling Lange at Bergen Group Rosenberg look forward to a close cooperation, which will both develop Origo Process AS as an independent company and process house, as well as strengthen the engineering capacity of Bergen Group.

More photos are available at www.bergengroup.no or by contacting Aud Stousland at Bergen Group Rosenberg, tel.: +47 51 93 11 04 / +47 916 20 513