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2014-04-10

Scanship Holding ASA: SCANSHIP HOLDING ASA - INCREASE IN SHARE CAPITAL

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, THE
UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN, OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

SCANSHIP HOLDING ASA - INCREASE IN SHARE CAPITAL

Bærum, 10 April 2014. Reference is made to the stock exchange announcement
dated 8 April 2014 regarding the successful completion of the bookbuilding
period for the initial public offering of the shares (the "Offering") of
Scanship Holding ASA ("Scanship" or the "Company", ticker code: "SSHIP").

Scanship has issued 25,505,525 new shares, each with a nominal value of NOK
0.01, in connection with the Offering. The new shares have been legally and
validly issued as fully paid and have been registered in the share register
of the Company held in the VPS. Following the issuance of the new shares, the
share capital of Scanship is NOK 9,550,552.50 consisting of 95,505,525 shares
with a par value of NOK 0.1 each.

Fondsfinans AS is acting as manager for the Offering.

For further queries, please contact:

Sigurd Gaarder Lange - CFO
Scanship Holding ASA
Tel: +47 90 79 81 55
Email: sigurd.lange@scanship.no

ABOUT SCANSHIP HOLDING ASA

Scanship is an industry leader in advanced technologies for processing waste
and purifying water within the maritime industry. Owners of vessels operating
our systems have the solutions to convert all waste and wastewater to inert
materials, recyclables, clean flue gas and effluent which meets the highest
international discharge standards. Our new technologies will recover water
and produce energy, providing tangible payback from the operations. We strive
for the highest quality, innovative and sustainable solutions.

DISCLAIMERS

The contents of this announcement have been prepared by, and are the sole
responsibility of, the Company. This announcement is not and does not form a
part of any offer for sale of securities.

This announcement is not for release, publication or distribution, directly or
indirectly, in the United States, or any other jurisdiction in which such
distribution would be unlawful or would require registration or other
measures.

These materials are not an offer for sale of securities in the United States.
Securities may not be sold in the United States absent registration with the
United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
"Securities Act". Scanship does not intend to register any part of the
offering in the United States or to conduct a public offering of shares in
the United States.

Any offering of the securities referred to in this announcement will be made
by means of a prospectus. This announcement is not a prospectus for the
purposes of Directive 2003/71/EC (as amended, together with any applicable
implementing measures in any Member State, the "Prospectus Directive").
Investors should not subscribe for any securities referred to in this
announcement except on the basis of information contained in the
aforementioned prospectus.

In any EEA Member State other than Norway that has implemented the Prospectus
Directive, this communication is only addressed to and is only directed at
qualified investors in that Member State within the meaning of the Prospectus
Directive. The expression "Prospectus Directive" means Directive 2003/71/EC
(and amendments thereto, including Directive 2010/73/EU, to the extent
implemented in any relevant Member State) and includes any relevant
implementing measure in the relevant Member State.

This communication is only being distributed to and is only directed at
persons in the United Kingdom that are (i) investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net
worth entities, and other persons to whom this announcement may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as "relevant persons"). This communication
must not be acted on or relied on by persons who are not relevant persons.
Any investment or investment activity to which this communication relates is
available only to relevant persons and will be engaged in only with relevant
persons. Persons distributing this communication must satisfy themselves that
it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although Scanship believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations
expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice.

The Manager is authorised and regulated by the Financial Supervisory Authority
of Norway and is acting exclusively for the Company and the Selling
Shareholders and no one else in connection with the Offering and assumes no
responsibility for this announcement. The Manager will not be responsible to
anyone other than the Company for providing the protections afforded to its
respective clients, or for advice in relation to the Offering, or any of the
matters referred to herein.

None of the Manager or any of its respective directors, officers, employees,
advisers or agents accepts any responsibility or liability whatsoever for/or
makes any representation or warranty, express or implied, as to the truth,
accuracy or completeness of the information in this announcement (or whether
any information has been omitted from the announcement) or any other
information relating to the Selling Shareholders or the Company, its
subsidiaries or associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for any loss
howsoever arising from any use of announcement or its contents or otherwise
arising in connection therewith.

This information is subject to 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: Scanship Holding ASA via Globenewswire

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