Exercise of employee share options - New share capital approved

Out of a total of 1,350,000 exercisable options, employees in Scana have

exercised 360,000 options.

The board of directors has today pursuant to authorisation granted by the

Company's Annual General Meeting, decided to increase the Company's share

capital by NOK 450,000 by issuing 360,000 new shares, of par value NOK 1.25

related to the exercise of employee share options.

Following the increase the Company's share capital will be NOK 209,617,187.50

divided into 167,693,750 shares.

Options exercised by primary insiders:

Rolf Roverud has exercised 100,000 options in the Company, corresponding to

100,000 shares at the price of NOK 6.50. Following this transaction Rolf Roverud

owns 311,716 shares in Scana Industrier ASA.

Per Ravnestad has exercised 100,000 options in the Company, corresponding to

100,000 shares at the price of NOK 6.50. Following this transaction Per

Ravnestad owns 2,074,900 shares in Scana Industrier ASA. The Shares are

controlled through Mr Ravnetad's ownership in Panda AS and International

Oilfield Services AS.

Jan Henry Melhus has exercised 50,000 options in the Company, corresponding to

50,000 shares at the price of NOK 6.50. Following this transaction Jan Henry

Melhus owns 55,000 shares in Scana Industrier ASA.

Inge Kvalvik has exercised 40,000 options in the Company, corresponding to

40,000 shares at the price of NOK 6.50. Following this transaction Inge Kvalvik

owns 68,528 shares in Scana Industrier ASA.

For further information, please contact:

Christian Rugland, CFO, tlf. .+47 51 86 94 00 or +47 952 952 55

[HUG#1437233]

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