Jørgen Pleym Ulvness new CEO of Agasti

The board of directors of Agasti Holding ASA has appointed Jørgen Pleym
Ulvness as chief executive officer (CEO) with effect from 12thDecember
2013. Ulvness is promoted from his current position as deputy CEO.

Jørgen Pleym Ulvness joined Agasti in September 2012. Prior to this he
held positions as managing director, deputy managing director and legal
director in First Securities, global head of investment banking in
Swedbank, and lawyer at Selmer law firm. Ulvness has extensive
experience as business advisor, both domestically and internationally.
During the past year Ulvness and departing CEO, Alfred Ydstebø, have
developed and established a new business model for Agasti. This model is
already delivering good results.

"I look forward to taking on this responsibility, to further develop the
group and create attractive opportunities for our customers. We have NOK
57 billion under management for more than 40 000 customers. This
represents a significant responsibility but also a very exciting
potential. We have, in a Norwegian context, developed a fairly unique
tripartite business model, which is thoroughly starting to pay off.
However, we also face important choices to ensure the best possible
development for the group. I look forward to working closely with the
board and all of our skilled employees so that we will continue to
deliver on our goals, says Jørgen Pleym Ulvness.

Throughout 2013, Ulvness has gradually taken a greater responsibility
for the company's daily operations. He has also represented Agasti at
quarterly results presentations and other important venues. Both the
board of directors and the departing CEO supports his appointment.

"Jørgen Pleym Ulvness has extensive experience as a senior executive and
advisor in our industry. He has played a crucial part in reorganizing
and developing Agasti's new business model. Ulvness is definitely the
right person to develop the company and its activities going forward,"
says the Board of Directors in a common statement.

Ydstebø withdraws from Agasti due to his other commitments, but will
still be involved in individual projects in Agasti.

"It was necessary that I took responsibility when the company faced
significant challenges in 2012, but I was never meant to be a permanent
solution. We have now reorganized the company, developed new business
areas and are delivering positive financial results for the first time
in five years. So the timing is good for change of CEO, and Agasti is in
safe hands with Jørgen behind the wheel. Now I want to prioritize some
of my other commitments higher. As chairman of Wunderlich, where the
highly acclaimed private equity fund Altamont Capital Partners took an
ownership stake last week, I have a need to be more present in the
United States. In addition, I will follow up my involvement in Base
Property closer," says Alfred Ydstebø.

Contact:

Arne Reinemo, Chairman of the Board, phone +47 915 47 886

Jørgen Pleym Ulvness, CEO, phone +47 906 67 877

Tor Arne Olsen, CCO, phone +47 900 90 470

This information is subject of the disclosure requirements acc. to §5-12
vphl (Norwegian Securities Trading Act).