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Scana Share Issue/Capital Change 2010

Jul 6, 2010

3736_rns_2010-07-06_3f6033c2-f6f7-4056-815a-74f3da3d2f2c.html

Share Issue/Capital Change

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SCI: Agreement regarding a directed issue of 9.9% of the shares in TTS Group

Reference is made to the press-release sent 5 July 2010 and today regarding RS

Platou Markets AS' order to purchase up to 10% of the shares in TTS Group ASA.

TTS Group has entered into an agreement with Scana Industrier ASA to issue

6,722,920 shares in TTS Group ASA at a price of NOK 6.30 per share, constituting

9.9% of the share capital in TTS Group through a private placement of shares.

RS Platou Markets AS acted as sole advisor in the transaction.

As a consequence of the purchase, Scana Industrier ASA will own 9.9% of the

share capital in TTS Group.

The issuance of shares to Scana Industrier ASA will be made by TTS Group's board

pursuant to authorization granted by the company's general meeting held on 3

June 2010 and is expected to be completed within the end of this week.

For further information, please contact:

Christian Rugland, CFO Scana Industrier ASA, tel. +47 952 952 55  ([email protected])

Rolf Roverud, CEO Scana Industrier ASA, tel. +47 911 67 581   ([email protected])

Frode Alhaug, Chairman Scana Industrier ASA, tel. +47 906 44 875

Johannes D. Neteland, President & CEO TTS Group ASA, tel. +47 918 46 906

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

(Norwegian Securities Trading Act)

[HUG#1429751]