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Ratos: Statoil renews its confidence in Aibel

This information is disclosed pursuant to the Swedish Securities Market Act,
the Swedish Financial Instruments Trading Act or requirements stipulated in
the listing agreement.

Aibel was today granted a new framework agreement for the supply of
maintenance and modification services to Statoil. Through the new agreement,
Aibel will retain today's volumes and extend its maintenance assignment for
the Aasta Hansteen oil platform. Valued by Aibel at approximately NOK 7.5
billion, the framework agreement is for six years with a four-year extension

The new framework agreement covers 13 platforms in the North Sea, the
Norwegian Sea and Barents Sea, as well as four Norwegian land-based
facilities. One of the largest maintenance and modification contracts on the
Norwegian shelf, the agreement is for six years and gives Statoil the option
to extend the agreement a further four years. It will go into effect in 1
March 2016 and take over when Aibel's current agreement for similar services
expires. Aibel estimate the total value of the contract at approximately NOK
7.5 billion and it is expected to create jobs for more than 1,000 employees
over the entire value chain, from project engineering to purchasing,
production, installation and final assembly.

"This allocation proves that Aibel is standing its ground in what continues to
be a weak market due to hard work to adapt its cost structure, improve
productivity and streamline processes in close cooperation with its
customers," says Susanna Campbell, CEO of Ratos.

"From our perspective, Statoil is clearly signalling its continued confidence
in us. In a thorough and professional tender process, Aibel demonstrated
evident competitiveness. The addition of the Aasta Hansteen oil platform
proves this and further enhances our position in northern Norway," says Jan
Skogseth, CEO of Aibel.

Aibel is a leading Norwegian supplier of maintenance and modification services
as well as new construction projects in the offshore sector on the Norwegian
continental shelf. Aibel has some 5,000 employees. Ratos's holding in Aibel
amounted to 32%.

For further information, please contact:
Susanna Campbell, CEO Ratos, +46 8 700 17 00
Jan Skogseth, CEO Aibel, +47 916 04 973
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20

Financial calendar from Ratos:
Year-end report 2015 17 February 2016
Annual General Meeting 2016 14 April 2016
Interim report January-March 2016 10 May 2016

Ratos owns and develops unlisted medium-sized Nordic companies. The company's
goal as an active owner is to contribute to the long-term and sustainable
business development of its companies and to conduct value-generating
transactions. Ratos's portfolio comprises AH Industries, Aibel, ArcusGruppen,
Biolin Scientific, Bisnode, DIAB, Euromaint, GS-Hydro, HENT, HL Display,
Jøtul, KVD, Ledil, Mobile Climate Control, Nebula, Speed Group and TFS. Ratos
is listed on Nasdaq Stockholm and has a total of approximately 17,000

Press Release (PDF)


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: Ratos via Globenewswire


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