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2014-05-28

Bergen Group : Transaction of the sale of shares in Noryards AS completed

Bergen Group ASA and Calexco S.a.r.l. have today finalised the transaction
regarding Bergen Group ASA's sale of the majority interest in NorYards AS to
Calexco S.a.r.l. The transaction is pursuant to the terms in the revised SPA
announced on March 21st2014.

As from today, NorYards AS is owned 70 % by Calexco S.a.r.l, and 30 % by
Bergen Group ASA. NorYards AS consists of NorYards BMV and NorYards Fosen,
which is the continuation of Bergen Group's Shipbuilding division.

"The market outlook for construction of advanced offshore vessels and
specialised vessels is evaluated as good. With the new ownership, NorYards
will strengthen its position in the shipbuilding industry; from basic design
through to completion of advanced offshore vessels for a demanding
international market", says CEO Johannes Neteland in NorYards AS.

NorYards AS signed already in April 2014 their first newbuilding contract,
valued more than NOK 650 million. The contract was awarded from NFDS 2
Offshore AS for outfitting and commissioning of a new and modern anchor
handling tug supply vessels (AHTS). The project will be carried out at
NorYards Fosen, generating outfitting activity at the yard from Q3 this year
until delivery in Q2 2015.

For further information;
Asle Solheim, CEO Bergen Group ASA, tel +47 993 28 465

Johannes Neteland, CEO NorYards AS, telephone + 47 918 46 906
This information is subject of 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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