OPTIONS EXERCISED IN SCANROPE

We refer to the stock exchange notification on 28. December 2006 regarding contract awards to ScanRope, of which NOK 70 million were options. NOK 51 million of the mentioned options has been exercised by an international customer. This exercised option is a delivery of control cables during second quarter 2008.

For further information please contact the CEO, Mr. Dirk Blaauw, on

tel. +47 22 13 19 23 or CFO Jan Erik Braathen on tel. +47 22 13 19 24.