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2016-02-25

Bergen Group: Bergen Group Services AS awarded extended contract for Frigate Maintenance

Bergen Group Services AS has been awarded a one-year extension of the contract with the Norwegian Defence Materiel Agency (NDMA) for the ship technical maintenance of the Navy's frigate class. The contract has an estimated value of NOK 70 million, and is valid for the period from July 2016 until July 2017.The project involves planning, coordination and implementation of scheduled
maintenance, corrective maintenance and other additional work on the Navy's
five frigates. The work will mainly be conducted on the Navy's main naval
base at Haakonsvern just outside Bergen.

CEO Frode Johansson in Bergen Group Services AS is satisfied that NDMA
maintain their maintenance program in a challenging time for many parts of
the maritime industry.

"The frigates are highly complex vessels, and the implementation of such a
project requires high demands of expertise, quality and documentation.The
Norwegian Armed Forces is thus an important partner in maintaining competence
in a challenging time for the maritime industry", says Frode Johansson.

Bergen Group Services has over many to build up extensive expertise related to
inspection- and maintenance of advanced high-speed craft for both civil and
military customers.

"Together with our partners we have ambitions to remain competitive in the
market who place high demands on both cost and quality in executing complex
maritime projects and service operations", says CEO Frode Johansson in Bergen
Group Services AS.

Bergen Group Services is a wholly owned subsidiary of Bergen Group Bergen
Group ASA. The operational activity take place at the company's
headquartering at Laksevåg (Bergen) and Straume (Sotra outside Bergen).
Bergen Group Services also has an extensive operational activity taking place
on customer locations in Hordaland county, as well as travel team covering
both the Norwegian coast, offshore installations in the North Sea and
international assignments. The contract is considered an important
contribution Bergen Group's long-term strategy of further developing the
Group's expertise and capacity related to complex maritime projects and
maritime service operations.

For further information:
CEO Frode Johansson, Bergen Group Services, tel. +47 970 80 766
SVP Corporate Functions&Communications, Øyvind Risnes, Bergen Group ASA, tel.
+47 480 48 561.

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

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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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