Scana - Board/Management Information 2015

Scana Industrier ASA - Changes in management

The Board of Scana Industrier ASA ("Scana" or the "Company") is pleased to

announce that Chairman of the Board Bjørn Torkildsen has been appointed as Chief

Executive Officer (CEO) of the company group. Scana has been through a process

searching for candidates with assistance from a professional recruitment firm

and has concluded that Mr. Torkildsen is the best candidate to be the CEO of

Scana. Mr. Torkildsen will take office 1 September 2015 and will at the latest

from the same date resign as Chairman of the Board of Scana. The Board has

resolved to convene an extraordinary general meeting to be held on September

10th 2015 in order to elect a new Board in Scana.

Bjørn Torkildsen (53) has extensive experience in management and strategy and

25 years experience in the petroleum industry. Mr. Torkildsen worked as Skangass

CEO from 2009-2013 and Lyse Infra CEO from 2005-2008. Mr. Torkildsen has an

M.Sci from Norwegian University of Science and Technology, with additional

education within finance and management.

Jan Henry Melhus has been acting CEO from 1 November 2013. The Board will thank

Mr. Melhus for his strong efforts through a very challenging period for Scana.

The board has also approved an extended agreement with Converto. Converto has

assisted Scana since April 2014 with a new strategy plan. Converto will now

through the extended agreement support the CEO and the management with the

execution of the new strategy plan for Scana. The board of Scana is pleased with

the work Converto has performed for Scana, and is of the opinion that Scana has

been strengthened with respect to accomplish the new strategy plan with the new

CEO and the extended agreement with Converto.

In addition to ordinary salary/fees, both the agreement with the new CEO and

Converto comprise of an incentive arrangement which entitles the management of

Scana and Converto to a collected bonus of 12 % of a possible increase in the

share value of Scana through a 3 year period, exceeding a yearly increase of 8

%. The board is of the opinion that this is a suitable incentive structure

taking into consideration the current economical situation of Scana and the

challenges Scana will face in the coming 3 year period.

For further information please contact:

Mr. Bjørn Torkildsen, Chairman of the Board of Scana Industrier ASA, Mobile:

+47 919 19 742

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

(Norwegian Securities Trading Act)

[HUG#1945281]

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