Scana — Share Issue/Capital Change 2015

Jun 29, 2015

Scana Industrier ASA - Mandatory notification of trade

Scana Industrier ASA - Mandatory notification of trade

Reference is made to the ongoing rights issue in Scana industrier ASA (the

"Company"). Primary insiders in the Company have conducted the following

transactions on 29June:

John Arild Ertvaag, member of the Board, has subscribed for 170 000 000 new

shares through his company Camar AS. Based on the subscription on the basis of

granted subscription rights, John Arild Ertvaag will hold minimum 176 201 971

new shares in the Company following the completion of the share issue through

his company Camar AS.

Sindre Ertvaag, primary insider, has subscribed for 195 837 new shares through

his company Sincap AS. Based on the subscription on the basis of granted

subscription rights, Sindre Ertvaag will hold 210 548 new shares in the Company

following the completion of the share issue through his company Sincap AS.

Bjørn Torkildsen, chairman of the Board, has subscribed for 1 730 602 new shares

through his company Invenius AS. Based on the subscription on the basis of

granted subscription rights, Bjørn Torkildsen will hold 1 860 602 new shares in

the Company following the completion of the share issue through his company

Invenius AS.

Per Ravnestad, member of the Board, has subscribed for 60 000 000 new shares

through the company IOS AS. Based on the subscription on the basis of granted

subscription rights, Per Ravnestad will hold 62 389 361 new shares in the

Company following the completion of the share issue through the companies Panda

AS and International Oilfield Services AS.

Martha Kold Bakkevig, member of the Board, has subscribed for 145 024 new shares

through the company Kold Invest AS. Based on the subscription on the basis of

granted subscription rights, Martha Kold Bakkevig will hold 155 918 new shares

in the Company following the completion of the share issue through the company

Kold Invest AS.

All shares have been subscribed for at a subscription price of NOK 0.10 per

share. Subscribers are entitled to increase their subscription prior to the end

of the subscription period.

Allocation of any over-subscription by primary insiders will be resolved on or

about 30 June 2015, and will subsequently be announced.

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#1932597]