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2014-04-04

EVRY: First phase of cost reduction program to be carried out

(Oslo, 4 April 2014) EVRY reported in a stock exchange announcement on 25
November 2013 that it planned to take measures to adjust the cost base of its
operating services organisation in Norway. In addition to initiating this
task, EVRY also intends to make some adjustments to its other Norwegian and
Swedish activities, resulting in an increase in the scale of the
cost-reduction program of 100 full-time equivalent positions relative to the
previous announcement. This will be achieved by accelerating work on the
introduction of new industrialised delivery models that make greater use of
automation. In parallel with this, customers are making greater use of
self-service solutions. These developments pave the way to simplifying the
company's organisation and reducing its overhead costs. In addition to the
program of work to improve efficiency, EVRY will make some reductions to
capacity in units that are experiencing weak demand.

The first phase of the program will be carried out in the second quarter of
2014, and will affect 160 full-time equivalent positions. EVRY will recognise
a provision of NOK 40 million in its accounts for the second quarter of 2014
in relation to the first phase. It is expected that the full effect on
earnings of this phase of the cost-reduction measures will first be seen in
the third quarter of 2014.

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

Contact persons:
Morten Frogner, Acting CFO EVRY, Tel: +47 95724959
Geir Remman, VP Corporate Communications, EVRY. Tel: + 47 970 55 017

About EVRY

EVRY is one of the leading IT companies in the Nordic countries, with a strong
local and regional presence in 50 Nordic towns and cities. Through its
knowledge, solutions and technology, EVRY contributes to the development of
the information society of the future, and so creates value for the benefit
of its customers and for society as a whole. EVRY combines in-depth industry
knowledge and technological expertise with a local delivery model and
international strength.

EVRY has some 10,000 employees, and the company is committed to demonstrating
that Nordic customers are best served by a supplier that understands Nordic
business from the inside. EVRY reports annual turnover approaching NOK 13
billion. The company is listed on the Oslo Stock Exchange and operates from
headquarters at Fornebu in Bærum, with major activities in both the Norwegian
and Swedish markets.

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: EVRY via Globenewswire

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