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2014-04-08

Scana Industrier asa: Scana Industrier ASA, 2013 Annual accounts approved by the Board of directors

The board of directors has on April 8th2014 approved the 2013 annual accounts.
The annual accounts will be presented for final approval by the Annual
General Meeting on May 6th2014.

In 2013 Scana Group generated a turnover of MNOK 1.874 and an operating profit
(EBIT) of MNOK -247.

Compared to the preliminary accounts published on February 19ththe Group
turnover is equal and the operating profit is reduced by MNOK 32.

The changes are related to impairment of goodwill at Scana Zamech and research
and development in Scana Zamech and Scana Steel Stavanger, and impairments of
inventory at Scana Offshore Vestby. In addition Scana has done write offs of
deferred tax assets and some other minor changes. Financial numbers are
updated with Scanas part of the results in Scana Korea.

These changes reduce total equity by MNOK 46.

The Board of directors proposes no dividend to be paid for the financial year
2013.

A summary of the annual accounts is attached.

For further information please contact:
Mr. Jan Henry Melhus, Acting CEO at Scana Industrier ASA, mobile: +47 901 67
010
Mr. Kjetil Flesjå, CFO at Scana Industrier ASA, mobile: +47 900 41 213

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

Annual Accounts 2013
http://hugin.info/130/R/1775647/605592.pdf

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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: Scana Industrier asa via Globenewswire

HUG#1775647

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