Endúr — Capital/Financing Update 2010

Jun 24, 2010

Bergen Group ASA - Contemplated bond issue

Bergen Group ASA is contemplating a bond issue of minimum NOK 300 million with

maturity in July 2013. The purpose of the bond is to refinance outstanding bond

loans maturing 13 August 2010.

First Securities AS and Pareto Securities AS have been mandated as joint lead

arrangers of the contemplated bond issue.

Bergen Group is a leading maritime industrial group with core expertise in

shipbuilding, maritime service, offshore and technology. The Group has a total

of 1900 employees along the Norwegian coast from Kirkenes in the north to

Stavanger in the south. The headquarter is located in Bergen.

For further information, please contact:

Pål Engebretsen

CEO

+47 91 11 73 69

Terje Iversen

CFO

+47 93 24 03 59

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1426841]