2 January 2017

Refinancing completed and new share capital registered

The refinancing of Bergen Group ASA is now completed in accordance to the information in the announcement disclosed 28 December 2018.

Reference is made to the announcement distributed on 28 December 2016 in which it was informed that Bergen Group ASA (“The Company”) had achieved full acceptance by all parties involved in a comprehensive refinancing of the group. The refinancing is now completed in accordance to the information in the announcement referred to above.

This also includes a completion of the private placement approved by the extraordinary general meeting on 17 November 2016. Hence, the Company's share capital has been increased by NOK 18,392,333 through the issue of 18,392,333 new shares, each with par value NOK 1.00, at a issue price of NOK 1.20 per share. After the capital increase, the Company's share capital is NOK 79,014,342, divided into 79,014,342 shares, each with par value NOK 1.00.

A prospectus for the listing of the new shares on Oslo Børs will be prepared. The new shares will be registered on a separate ISIN number in the VPS and not be listed on Oslo Børs until the prospectus has been approved and published.

The repair issue based on the authorization granted at the extraordinary general meeting held on 17 November 2016 will be carried out when the prospectus have been approved, estimated to be in Q1 2017.

For further information: CFO Nils Hoff, phone +47 930 92 346