Disclosure of shareholdings

Reference is made to the stock exchange notice by
Spring Capital Resources Inc. dated 12 August 2010.
Spring Capital Resources Inc. has on 1 November 2010
entered into a final agreement with Bergen Group ASA
for a convertible loan of NOK 120 million. The loan
can from 11 May 2011 be converted into 10 million
shares in Bergen Group ASA at a price of NOK 12 per
share. The maturity date of the loan is 10 June 2011.
The agreement will include an option for Bergen Group
ASA to repurchase the loan on 1 December 2010 or 1
March 2011, or earlier if agreed with the bondholders.

Spring Capital Resources Inc. owns a total number of
5,068,526 Bergen Group ASA shares (including warrants
under conversion) and a right to convert to further
10,000,000 new shares constituting 29,8% of the share
capital in Bergen Group ASA and 24,9% if the
convertible bonds is converted.

This notification has been made in accordance to the
Norwegian Securities Trading Act §4-2