Approved annual accounts 2011

The Board of Directors of AF Gruppen ASA (AFG) has on
March 29th 2012 approved the annual accounts for
2011. Profit before tax was MNOK 404. Tax expense was
MNOK 101 and annual profit was MNOK 303.

The Board of Directors will as previously
communicated propose an ordinary dividend of NOK 2.20
per share. Due to the group's strong financial
position, the Board of Directors will in addition
propose an extraordinary dividend of NOK 2.30 per
share. Total dividend equals NOK 4.50 per share.