Reference is made to the notice of Annual General Meeting dated 8th of May 2012 article 8. Election of the Board of Directors and Board Chairman. The Board Chairman Gunnar Hirsti and the Board Member Hege Skryseth would like to resign from the Board of Directors. As new Board Members the Board of Directors nominates Siv Sandvik and Tom H. Knoff. The Board of Directors nominates Tom H. Knoff as Board Chairman. None of the other directors are up for election. For further information please contact the CEO, Dirk Blaauw, on tel. +47 22 13 19 20.