Scana - Remuneration Information 2015

Scana Industrier ASA - Incentive arrangement for CEO, Converto and management

Reference is made to the notice to Oslo Børs of August 13th 2015 whereby Scana

disclosed that the chairman of the board, Bjørn Torkildsen, was appointed as new

CEO of Scana, and that the board has approved an extended agreement with

Converto. The agreements with the new CEO and Converto have both been signed

today. The extended engagement with Converto will start up on September

1st 2015, the same date as Bjørn Torkildsen takes office as new CEO. As

disclosed in the previous notice to Oslo Børs, Torkildsen and Converto will both

be entitled to an incentive based arrangement which also will apply to the

management. This will in total entitle the CEO, the management and Converto to a

collected bonus of up to 12 % of a possible increase in the share value of Scana

through a 3 year period, exceeding a yearly increase of 8 %. Bjørn Torkildsen

and Converto will each be entitled to up 4.8 % of such increase in the share

value. The company would like to emphasize that the starting point for the

incentive arrangement is a share value of NOK 1 per share, i.e. the same share

value as in the capital increase that was accomplished and fully subscribed for

in June 2015.

The chairman and now appointed CEO of Scana, Bjørn Torkildsen, says:

-Scana has been through a considerable restructuring and as chairman of the

board I have seen the significant potential for further development in Scana. I

am looking forward to start up as new CEO of the company and immediately

initiate the work to further develop Scana in line with the new strategy in

close cooperation with Converto.

The board is very satisfied with the appointment of Bjørn Torkildsen as the new

CEO. The company has been through a huge restructuring and the board is of the

opinion that Bjørn Torkildsen together with Converto and the management of Scana

will contribute with considerable capacity and experience and the ability to

accomplish the further development of the company in line with the new strategy

plan resolved by the board.

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#1947330]

AI assistant