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Nordic Group, Scana, to Increase Share Capital

Maritime Activity Reports, Inc.

May 8, 2012

Scana Industrier ASA with world-wide business in the  steel, marine, oil & gas sectors resolves to increase share capital by NOK 150-million

The company provides products and system solutions for three market segments; namely marine, energy and steel and machinery. Scana’s technology, materials knowledge and  production experience form the basis of its competitive power. Its aim is to be the preferred supplier to leading companies within our market segments.

The main products for the steel area are the production of customized steel forgings and castings for the oil and gas, energy, marine, machine and tool industries.

The marine area develops and produces gears, propulsion systems and valve control systems for ships.

The main products for the oil and gas area are design and production, marketing and sale, in addition to maintenance and repair of equipment and steel components for the oil and gas industry.

The majority of  customers are located in Europe, the Americas and Southeast Asia.

The group has as at 31.12.2010 1 759 employees, of which 675 work in China. The head office is situated in Stavanger. The group has operative companies in Norway, Sweden, China, Poland, USA, South-Korea, Brazil and Singapore, and representatives in a series of countries, worldwide.

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