Bergen Group to build two new cruise ferries for Fjord Line

Fjord Line has signed a contract with Bergen Group to build two new cruise

ferries. The ships will be delivered in the spring and autumn 2012, and the

contract has a total value of EURO 206 million.

- We are very pleased that Bergen Group Fosen, a wholly owned subsidiary of

Bergen Group, is selected as the supplier of two new cruise ferries to Fjord

Line. Both for Bergen Group and for our employees at Fosen this is a great

recognition of long and extensive experience in ship design and shipbuilding.

The agreement is also a confirmation of Bergen Group's competitiveness in a

demanding international shipbuilding market, says CEO Pål Engebretsen in Bergen

Group.

The two sister ships have a length of 170 meters. Each ship will accommodate

about 300 cabins, of which a large proportion will be suites, and have space for

about 1,500 passengers. The cargo deck has a capacity of up to 600 cars.

The hull of the two cruise ferries will be built at the Polish shipyard Stocznia

Gdansk. All work with outfitting and finishing of the ships will be made at

Bergen Group Fosen who has a solid expertise in building cruise ferries for the

international market. The former record includes ships like The World, and two

of the newer ships operated by Hurtigruten.

The contract between Fjord Line Danmark AS and Bergen Group Fosen AS is signed

subject to final funding and approval of the companies' respective boards within

30 days from contract signing.

The management of Fjord Line and Bergen Group will give a more detailed

presentation of the project at a press conference at Bergen Group, Thormøhlens

gate 53 C in Bergen today at hrs 10.00 CET.More information can be found in a

separate press release from Fjord Line AS attached to this statement.

Contacts - Media:

Pål Engebretsen, CEO of Bergen Group, tel. (+47) 91 11 73 69

Arnar Utseth, MD.Bergen Group Fosen, tel. (+47) 97 16 48 63

Contact - IR:

Terje Iversen, CFO of Bergen Group, tel.(+47) 932 40 359

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

(Norwegian Securities Trading Act)

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