Bergen Group Dreggen awarded contracts for NOK 40 million

Bergen Group Dreggen has been awarded contracts for production of six cranes
with a total value of NOK 40 million. The deliveries will be carried out from Q4
2011 until Q2 2013.

The contracts are with customers in Korea, Singapore and Holland. These
contracts confirm Bergen Group Dreggen's strong international position within
the market for offshore cranes and special cranes.

The contract in Korea includes two offshore deck cranes for mounting on a pipe
laying vessel. The order value is NOK 24 million, with delivery to be completed
by the end of the 1st quarter of 2012.

The contract in the Netherlands includes delivery of an offshore crane and a
provision crane for installation on a Dutch Navy vessel. The order value is NOK
10 million, with delivery to be completed by the end of the 2nd quarter of 2013.

The contract in Singapore includes the provision of two deck cranes for delivery
by the end of the 4th quarter of 2011.

Bergen Group Dreggen, a fully owned subsidiary of Bergen Group, has a strong
international market position within offshore cranes. The company, which is a
part of Bergen Group`s Technology Division, is headquartered in Bergen, Norway.
Bergen Group Dreggen has an extensive customer list throughout the whole
world.

For more information, please contact:
Executive Vice President Sebjørn Madsen, Bergen Group Technology, phone
+47 468 59 758
Managing Director Halldor Rongve, Bergen Group Dreggen, phone + 47 970 52 881


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



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