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2016-08-26

Incus Investor ASA: INCUS INVESTOR ASA - New contracts to Scana Propulsion

Scana Propulsion, a daughter company of INCUS Investor ASA has succeeded to
secure more contracts for propulsion systems to newbuildings within the
fishing vessel segment. The contract partners are MAN Diesel&Turbo SE and
Kleven Verft. The total value of the contracts is approx. 15 mill NOK.

Scana Propulsion and MAN Diesel&Turbo SE have entered into agreement for
delivery of propulsion system for two new trawlers to be contracted at
Karstensens Skibsværft A/S. Scana Propulsion shall deliver gear, propeller
and remote control system from the production facilities in Norway. Delivery
is in the third quarter 2017.

Scana Propulsion and Kleven Verft have entered into agreement for delivery of
gear, propeller and remote control system to DESS Aquaculture Shippings new
FHV ship. Delivery will be in second quarter 2107.

-We are proud to be chosen to deliver equipment to even more vessels within
fishing and aquaculture, and grateful for the trust our customers have shown
us, says Hallvard Pettersen, managing director of Scana Volda AS.

-Scana Propulsion has won several important contracts for deliveries to
fishing vessels in recent months, which confirms the strong position the
company holds in this segment. Activities at Scana Propulsion is divided
between new sales and service/aftermarket. In a tight market there is fierce
competition among the market's leading players. The contracts won during the
last months on new construction projects and retrofit projects, confirms
Scana Propulsion's competitiveness ", says Pettersen.

For further information, please contact:

Mr. Hallvard Pettersen, Managing Director, Scana Volda AS, Tel: +47 992 65 442
Mr. Inge Bøen, CEO, Scana Propulsion AS, Tel: +47 908 31 549

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 Corporate Solutions on behalf of Nasdaq 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: Incus Investor ASA via Globenewswire

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