The statement from the Board in accordance with section 6-16 of the Norwegian Securities Trading Act in connection with the mandatory offer from Geveran Trading Co Ltd is enclosed.

A fairness opinion dated 7 January 2015, submitted by Skandinaviska Enskilda Banken (SEB), is also enclosed.

Contact person:

Henrik Christensen, Chairman of the Board, tel: +47 90 96 76 83