Scana Industrier ASA - Annual accounts approved by the Board of Directors and Annual Report 2014

The board of directors has approved the 2014 annual accounts. The annual
accounts will be presented for final approval by the Annual General Meeting
during May 2015.

In 2014 Scana Group generated a turnover of NOK 1,474 million with an operating
profit (EBIT) of minus NOK 175 million.

Compared to the preliminary accounts published on February 25(th) the Group
turnover is equal and the operating profit is reduced by NOK 29 million.

Changes related to operating profit are related to impairment of assets in Scana
Steel Stavanger AS as well as provisions for bank guarantees. Financial result
is updated with Scana's share of profit in Scana Korea Hydraulic Ltd. Further
write-downs on assets in Scana Steel Söderfors AB is presented as discontinued
operations.

These changes reduce total equity by NOK 27 million.

Cashflow from operation is reduced by NOK 10 million and cashflow from investing
activities is increased with NOK 10 million compared with preliminary accounts.

The Board of directors proposes no dividend to be paid for the financial year
2014.

Annual Report 2014 is attached.

For further information please contact:
Jan H Melhus, CEO Scana industrier ASA, Mobil +47 90 16 70 10
Kjetil Flesjå, CFO i Scana Industrier ASA, mobil: +47 90 04 12 13

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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