Bergen Group ASA - Successfully completed bond issue

Reference is made to the notification sent on 24 June 2010 regarding a

contemplated bond issue in Bergen Group ASA. A NOK 330 million senior secured

bond issue with expected maturity date on 9 July 2013 has now successfully been

completed. Settlement date is expected to be 9 July 2010.

An application will be made for the bonds to be listed on Oslo Børs. The

proceeds will be used for refinancing outstanding bond loans maturing 13 August

First Securities AS and Pareto Securities AS acted as joint lead arrangers of

the 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:

Terje Iversen

CFO

+47 93 24 03 59

Pål Engebretsen

CEO

+47 91 11 73 69

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

(Norwegian Securities Trading Act)

[HUG#1427672]

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