Solberg & Andersen has been awarded a frame agreement

(Thomson Reuters ONE) -


Solberg & Andersen AS, a subsidiary of Bjørge ASA, has been awarded a frame
agreement. The frame agreement is for delivering of control valves on the NCS.
The contract has a duration of 5 years with option on further extension for 2+2
years.

It is expected that the order value on the frame agreement is above 50 MNOK
during the next 5 years.

The frame agreement has been awarded in close collaboration with Emerson Process
Management, Fisher.

Stavanger, 21 October 2010

For Bjørge ASA
Steinar Aasland
CEO

For further contact:
Steinar Aasland
CEO
Phone: +47 906 42 696

or:

Kaare Sunnarvik
Vice President Project
Solberg & Andersen AS
Phone: +47 406 16 904

Bjørge ASA delivers process and safety-critical products and systems as well as
a complete range of services that maintain lifecycle-long performance. This
perspective ensures optimal operations and lower lifecycle costs. Bjørge has
extensive experience as a supplier to the Norwegian oil and gas industry and
select international markets; the company represents some of the worlds leading
suppliers.

The General Meeting in Bjørge ASA decided the 20 October to demerge five of its
subsidiaries and form a new company, currently being named NewCo. Today's
companies which will be a part of NewCo has a strong position in selected niche
markets delivering process and safety critical solutions to the oil and gas
industry and the maritime industry. The customer base includes oil companies and
oil service industry. "New" Bjørge, that consist of the remaining companies,
Solberg & Andersen and Bjørge Teamtrade, will be a leading provider of products,
solutions and services connected to valves and instrumentation within the energy
and offshore business.


This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)


[HUG#1454293]








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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.

Source: Bjørge ASA via Thomson Reuters ONE

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Datum: 22.10.2010 - 08:07 Uhr
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