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Bergen Group ASA : bankruptcy petition of the subsidiary Bergen Group Skarveland AS

Bergen Group Skarveland AS (the Company) has resolved a petition for
bankruptcy due to lack of new orders and failing results.

The company's business has been related to pipe installations towards building
of ships and deliveries for the offshore and onshore industry. Both the
shipbuilding and offshore market have over the past year experienced
cutbacks, which have had a strong negative impact.

Bergen Group Skarveland is a wholly owned subsidiary of Bergen Group ASA. The
company's non-audited figures for first half 2015 show a turnover of NOK 32
million and an operating loss (EBIT) of NOK 9 million.

The company's headquarters are located at Sunde in Kvinnherad, in the western
part of Norway. As of 31 August, the company had a total of 70 permanent

Hans Petter Eikeland, CEO Bergen Group ASA, mobile +47 932 08 177
Øyvind Risnes, SVP Corporate Functions&Communications Bergen Group ASA, mobile
+47 480 48 561

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bergen Group via Globenewswire


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