8 July 2014

Bergen Group Services awarded new service and maintenance projects for NOK 50-60 million

(Bergen, July 8th 2014): Bergen Group Services AS has been awarded new maritime maintenance and service projects for a total estimated value of NOK 50-60 million over the next two years. The projects are related to both new contracts and deliveries within existing framework agreements.

Bergen Group Services has over the years built up an extensive capacity and expertise in ship maintenance and repair of vessels used for demanding maritime operations which requires an extra high reliability and service quality. During the last six months, the company has signed different comprehensive long term service agreements with both the Navy and the Norwegian Society for Sea Rescue. The company's order backlog at the end of the 1st quarter 2014 was more than NOK 150 million, which represents a threefold increase since New Year. The company expects further growth in activity in the coming years.

“The contracts signed on the new projects contributes to strengthen the company's position as a leading national provider of advanced maritime service and maintenance”, said CEO Frode Johansson in Bergen Group Services.

Bergen Group Services AS, a fully owned subsidiary of Bergen Group ASA, has approximately 135 employees and is responsible for the Group's maritime service operations. The activity is today headquartered at Laksevåg in Bergen, but will in the future be co-locating much of the activity with the group's other activities Hanøytangen at Askøy outside Bergen.

For more information:

Frode Johansson, Managing Director, Bergen Group Services, tel +47 970 80 766

Øyvind Risnes, SVP Communications, Bergen Group ASA, tel +47 480 48 561