Scana — Share Issue/Capital Change 2015

Jul 10, 2015

Scana Industrier ASA - Reverse share split

Scana Industrier ASA - Reverse share split

Reference is made to stock exchange announcements regarding completion of a

rights issue, write down of the nominal value and reverse split in Scana

Industrier ASA (the "Company").

The Company has decided that the shares shall be listed ex reverse split and

with a new nominal value as of and including Tuesday 14 July 2015. The reverse

split is carried out in the ratio of 10:1, which entails that 10 existing shares

gives 1 new share following the reverse split. After the completion of the

reverse split the Company has thus 107,511,831 shares, each with a nominal value

of NOK 1.

For further information please contact:

Mr. Jan H Melhus, CEO Scana Industrier ASA, Mobile: +47 901 67 010

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1936822]