Share option program for senior management approved by the AGM 2010

In agreement with the Board's proposal, the Board was authorized by the annual

general meeting (AGM) on April 28'th 2010 to distribute up to 2,5 million share

options free of consideration under a new option program for senior management.

The Board's allocation of options will at any given time be made in accordance

with existing authorisations granted by the AGM and within the principles of the

share option programme as described in the company guidelines on the setting of

salaries and other remuneration for the general manager and other senior

management.

These guidelines are included in note 10 to the annual accounts for 2009, and

can be downloaded from www.scana.no .

The program has a duration of 3 years with annual allocation at the date of the

annual general meeting in 2010, 2011 and 2012, being the respective issue dates.

The issue price shall be equal to the market price on the issue dates.

The following primary insiders in Scana Industrier ASA are assigned options

under the program:

Rolf Roverud: 70 000 options annually fo r 3 years

Christian Rugland: 35 000 options annually fo r 3 years

Jan Henry Melhus: 35 000 options annually fo r 3 years

Per Ravnestad: 35 000 options annually fo r 3 years

The remaining senior management that has been allocated options under the

program are not covered by the regulations to notify trade in the Scana share on

Oslo stock exchange.

For further information please contact:

Christian Rugland, CFO, tel. +47 952 952 55

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

(Norwegian Securities Trading Act)

[HUG#1409841]

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