Arribatec Group ASA — Earnings Release 2015

May 5, 2015

Solid profitability after restructuring and strategic changes

Solid profitability after restructuring and strategic changes

· EBIT of NOK 20 million and EBITDA of NOK 23 million in first quarter of 2015

· High level of activity within both business areas resulting in increased

management fees and transaction fees

· Positive effects of the restructuring process carried out in 2014 are being

observed

· An asset management-based organisation with integrated corporate finance

services has been established and has strengthened the group's dynamic

investment management model

· Winding up of old activities according to plan

· High appetite for yielding real-estate due to the current low interest rate

environment. Agasti is well positioned to take advantage of this given our

attractive portfolio under management

The Agasti Group is experiencing a high level of activity in both business areas

and a positive trend in results continues to be observed. In the first quarter,

the company achieved EBIT of NOK 20 million and EBITDA of NOK 23 million. These

are the best quarterly financial results Agasti has delivered since the second

quarter of 2008.

A more targeted, asset management-based business model with a more intense focus

on institutional and professional investors has been established, and the group

is well on its way to complete the winding up of non-core activities during the

first half of the year.

"A high level of activity combined with the positive effects of the

restructuring process we completed in 2014 is now having a positive effect on

the bottom line. This quarter gives a clear indication of what Agasti is able to

deliver under conditions that are closer to a normal operating situation than

the group has experienced in a very long time," says Jørgen Pleym Ulvness, CEO

of Agasti Holding ASA.

Since the previous quarterly report was issued in February, Agasti has focused a

larger proportion of its activities around the asset management company Obligo

Investment Management AS (Obligo), including integrated corporate finance

services within the asset management team in order to be able to work with

transaction-based restructuring of investment portfolios.

This has been done in order to further strengthen the company's dynamic asset

management model, with the objective of ensuring the best possible returns,

liquidity and dividends to clients. Agasti has also established a completely new

strategic way of thinking surrounding the development of clients' investments.

"Based on dynamic portfolio management with solid asset management competence,

now with the addition of integrated corporate finance competence, we have moved

away from a passive hold-to-maturity strategy and over to a more opportunity

-oriented and transaction-based restructuring strategy. This means that we seek

to create liquidity events in cases where we see that this will be profitable

for our clients. We have already seen that this model can have a positive impact

both on clients' investments and for our owners," says Ulvness.

An important principle of this asset management strategy is to seek pre-emptive

restructuring of portfolios, creating return, improve liquidity and dividends to

our clients, and offer clients the opportunity to co-invest with professional

and institutional investors. At the same time, the broker desk in Agasti

Wunderlich Capital Markets AS ensures improved liquidity in the unlisted market,

so that clients may purchase or sell shares whenever they wish at as attractive

prices as possible. A business model that functions effectively and a generally

high level of activity ensure that good results follow.

"In a demanding restructuring period our new business areas have delivered an

adjusted operating earnings of between NOK 9 million and NOK 20 million per

quarter since the summer of 2013, after provisions and costs relating to

restructuring and the winding up of old activities, and settlement agreements

and provisions for potential settlements with clients. Accordingly we are now

closer to a situation where we can concentrate exclusively on our core business

activities going forward, having a positive effects on the results," says Jørgen

Pleym Ulvness.

A complete English version of the interim report for the first quarter of 2015

is attached on www.newsweb.no and on Agasti's Investor Relations web pages

www.agasti.no.

Contact details:

CEO, Jørgen Pleym Ulvness, phone (+47) 906 67 877

CFO, Christian Dovland, phone (+47) 908 84 730

CCO, Tor Arne Olsen, phone (+47) 900 90 470

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.