Scana Industrier ASA - Allocation to primary insiders in connection with subsequent offering

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Stavanger, 16 May 2013: Reference is made to the stock exchange announcement dated 16 May 2013 concerning completion of the subsequent offering (the "Subsequent Offering") of 129,978,427  shares (the "Offer Shares") in Scana Industrier ASA ("Scana" or the "Company") at a subscription price of NOK 0.30 per share. The following primary insiders of the Company have been allocated shares in connection with the Subsequent Offering:

Sindre Ertvaag, related party to Board member John Arild Ertvaag, has been allocated 100,000 Offer Shares through his ownership in SINCAP AS. Following the Subsequent Offering, SINCAP AS holds 147,105 shares in the Company.

STIFI AS, related party to board member John Arild Ertvaag, has been allocated 45,000 Offer Shares. Following the Subsequent Offering, STIFI AS holds 67,610 shares in the Company.

Martha Kold Bakkevig, Board Member, has been allocated 71,935 Offer Shares through her ownership in Kold Invest AS. Following the Subsequent Offering, Kold Invest AS holds 108,935  shares in the Company.

Jan Øyvind Jørgensen, VP Special Projects, has been allocated 178,000 Offer Shares. Following the Subsequent Offering, Jørgensen holds 350,000 shares in the Company.

Jan Henry Melhus, Executive Vise Precident & Group Director Oil & Gas, has been allocated 150,000 Offer Shares. Following the Subsequent Offering, Melhus holds 330,108 shares in the Company.

Per Allan Røsand, VP Offshore Service Division, has been allocated 1,414,690 Offer Shares through his ownership in PART AS. Following the Subsequent Offering, PART AS holds 2,000,001 shares in the Company.

Rolf Roverud, CEO, has been allocated 1,491,737 Offer Shares. Following the Subsequent Offering, Roverud holds 2,250,000 shares in the Company.

Kjetil Flesjå, CFO, has been allocated 500,009 Offer Shares. Following the Subsequent Offering, Flesjå holds 650,009 shares in the Company.

Bjørn Torkildsen, Chairman of the Board, has been allocated 1,000,000 Offer Shares through his ownership in Invenius AS. Following the Subsequent Offering, Invenius AS holds 1,000,000 shares in the Company.

Inge Kvalvik, Senior Advisor, has been allocated 386,942 Offer Shares through his ownership in Inge Kvalvik AS. Following the Subsequent Offering, Inge Kvalvik AS holds 585,966 shares in the Company.

Terje Egeland, Commercial Manager, has been allocated 750,000 Offer Shares through his ownership in Miglia AS. Following the Subsequent Offering, Miglia AS holds 1,100,000 shares in the Company.

Torunn Hognestad, Administration Secretary, has been allocated 20,000 Offer Shares. Following the Subsequent Offering, Hognestad holds 26,410 shares in the Company.

Contact persons

Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the Australia, Canada, Japan or the United States.

Scana Industrier ASA - Completion of subsequent offering

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Stavanger, 16 May 2013: Reference is made to the stock exchange announcement and the prospectus dated 26 April 2013 concerning the subsequent offering (the "Subsequent Offering") of up to 226,357,331 shares (the "Offer Shares") in Scana Industrier ASA ("Scana" or the "Company") at a subscription price of NOK 0.30 per share.

The subscription period in the Subsequent Offering ended on 14 May 2013 at 16.30 hours (CET). As a result of the Subsequent Offering, Scana will issue 129,978,427 Offer Shares at NOK 0.30 per share raising gross proceeds of approximately NOK 38,993,528 million.

All subscribers being allotted Offer Shares will receive a letter confirming the number of Offer Shares allotted to the subscriber and the corresponding amount to be paid. This letter is expected to be distributed today.

Payment for the Offer Shares will fall due on 22 May 2013 and delivery will take place on or about 27 May 2013. Following registration of the issue of the Offer Shares the total number of issued shares in Scana will increase by 129,978,427 shares, from 621,204,583 shares to 751,183,010 shares. Following completion of the merging of shares (reverse split) in the ratio 10:1, as resolved by the Annual General Meeting held on 6 May 2013, the new total number of shares will be 75,118,301, each with par value of NOK 1.

The Offer Shares may not be transferred or traded before they are fully paid and the share capital increase pertaining to the Subsequent Offering has been registered with the Norwegian Register of Business Enterprises. It is expected that the share capital increase will be registered in the Norwegian Register of Business Enterprises on or about 27 May 2013 and that the Offer Shares will shortly thereafter be admitted to trading on the Oslo Stock Exchange.

For further information please contact:

Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

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This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the Australia, Canada, Japan or the United States.

Scana Industrier - Subscription of shares by primary insiders in connection with the rights issue

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITEDSTATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Stavanger, 14 MAY 2013: Reference is made to the ongoing Rights Issue in Scana Industrier ASA (Ticker: "SCI"). The following primary insider transactions have been undertaken on 14 May 2013:

Sindre Ertvaag, has subscribed for 100,000 new shares through his ownership in SINCAP AS. Of the aggregate subscription, 91,581 were subscribed for based on allotted subscription rights, whereas 8,419 represent oversubscription. On the basis of the subscription based on allotted rights, SINCAP AS will have a minimum of 138,686 shares in Scana Industrier ASA following the rights issue.

STIFI AS, related part to board member John Arild Ertvaag, has subscribed for 45,000 new shares. Of the aggregate subscription, 43,958 were subscribed for based on allotted subscription rights, whereas 1,042 represent oversubscription. On the basis of the subscription based on allotted rights, STIFI AS will have a minimum of 66,568 shares in Scana Industrier ASA following the rights issue.

All shares are subscribed for at a subscription price of NOK 0.30 per share. The subscribers have the right to increase their subscription within the subscription period. 

The allotment of potential oversubscription by primary insiders will be made on or about 15 May 2013, and will subsequently be announced.

Contact persons

Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

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

Scana Industrier - Subscription of shares by primary insiders in connection with the rights issue

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITEDSTATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Stavanger, 14 MAY 2013: Reference is made to the ongoing Rights Issue in Scana Industrier ASA (Ticker: "SCI"). The following primary insider transactions have been undertaken on 14 May 2013:

Martha Kold Bakkevig, Board Member, has subscribed for 71,935 new shares through her ownership in Kold Invest AS. On the basis of the subscription based on allotted rights, Kold Invest AS will have 108,935 shares in Scana Industrier ASA following the rights issue.

Jan Øyvind Jørgensen, VP Special Projects, has subscribed for 178,000 new shares. On the basis of the subscription based on allotted rights, Jan Øyvind Jørgensen will have 350,000 shares in Scana Industrier ASA following the rights issue.

All shares are subscribed for at a subscription price of NOK 0.30 per share. The subscribers have the right to increase their subscription within the subscription period. 

The allotment of potential oversubscription by primary insiders will be made on or about 15 May 2013, and will subsequently be announced.

Contact persons

Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

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

Scana Industrier - Subscription of shares by primary insiders in connection with the rights issue

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITEDSTATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Stavanger, 14 MAY 2013: Reference is made to the ongoing Rights Issue in Scana Industrier ASA (Ticker: "SCI"). The following primary insider transactions have been undertaken on 14 May 2013:

Jan Henry Melhus, Executive Vise Precident & Group Director Oil & Gas, has subscribed for 150,000 new shares. On the basis of the subscription Jan Henry Melhus will have a total of 330,108 shares in Scana Industrier ASA following the rights issue.

Per Allan Røsand, VP Offshore Service Division, has subscribed for 1,414,690 new shares through his ownership in PART AS. Of the aggregate subscription, 1,137,961 were subscribed for based on allotted subscription rights, whereas 276,729 represent oversubscription. On the basis of the subscription based on allotted rights, PART AS will have a minimum of 1,723,272 shares in Scana Industrier ASA following the rights issue.

All shares are subscribed for at a subscription price of NOK 0.30 per share. The subscribers have the right to increase their subscription within the subscription period. 

The allotment of potential oversubscription by primary insiders will be made on or about 15 May 2013, and will subsequently be announced.

Contact persons

Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

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

Scana Industrier - Subscription of shares by primary insiders in connection with the rights issue

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITEDSTATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Stavanger, 14 MAY 2013: Reference is made to the ongoing Rights Issue in Scana Industrier ASA (Ticker: "SCI"). The following primary insider transactions have been undertaken on 14 May 2013:

Rolf Roverud, CEO, has subscribed for 1,491,737 new shares. Of the aggregate subscription, 1,474,214 were subscribed for based on allotted subscription rights, whereas 17,523 represents oversubscription. On the basis of the subscription based on allotted rights, Rolf Roverud will have a minimum of 2,232,477 shares in Scana Industrier ASA following the rights issue.

Kjetil Flesjå, CFO, has subscribed for 500,000 new shares. Of the aggregate subscription, 291,630 were subscribed for based on allotted subscription rights, whereas 208,370 represents oversubscription. On the basis of the subscription based on allotted rights, Kjetil Flesjå will have a minimum of 441,630 shares in Scana Industrier ASA following the rights issue.

Bjørn Torkildsen, Chairman of the Board, has subscribed for 1,000,000 new shares through his ownership in Invenius AS. Of the aggregate subscription, 100,000 were subscribed for based on allotted subscription rights, whereas 900,000 represent oversubscription. On the basis of the subscription based on allotted rights, Invenius AS will have a minimum of 100,000 shares in Scana Industrier ASA following the rights issue.

Inge Kvalvik, Senior Advisor, has subscribed for 386,942 new shares through his ownership in Inge Kvalvik AS based on the allotted rights. On the basis of the subscription, Inge Kvalvik AS will have a total of 585,966 shares in Scana Industrier ASA following the rights issue.

Terje Egeland, Commercial Manager, has subscribed for 750,000 new shares through his ownership in Miglia AS. Of the aggregate subscription, 680,470 were subscribed for based on allotted subscription rights, whereas 69,530 represent oversubscription. On the basis of the subscription based on allotted rights, Miglia AS will have a minimum of 1,030,470 shares in Scana Industrier ASA following the rights issue.

Per Allan Røsand, VP Offshore Service Division, has subscribed for 1,414,690 new shares through his ownership in PART AS. Of the aggregate subscription, 1,137,961 were subscribed for based on allotted subscription rights, whereas 276,729 represent oversubscription. On the basis of the subscription based on allotted rights, PART AS will have a minimum of 1,723,272 shares in Scana Industrier ASA following the rights issue.

Torunn Hognestad, Administration Secretary, has subscribed for 20,000 new shares. Of the aggregate subscription, 12,462 were subscribed for based on allotted subscription rights, whereas 7,538 represents oversubscription. On the basis of the subscription based on allotted rights, Torunn Hognestad will have a minimum of 18,872 shares in Scana Industrier ASA following the rights issue.

All shares are subscribed for at a subscription price of NOK 0,30 per share. The subscribers have the right to increase their subscription within the subscription period. 

The allotment of potential oversubscription by primary insiders will be made on or about 15 May 2013, and will subsequently be announced.

Contact persons

Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

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

Scana Industrier ASA - Subscription period for subsequent offering ends today

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Stavanger 14 May 2013: Reference is made to the stock exchange announcement and the prospectus (the "Prospectus") dated 29 October 2012 concerning the subsequent offering (the "Subsequent Offering") of up to 226,357,331 new shares in Scana Industrier ASA (the "Company") at a subscription price of NOK 0.30 per share.

The subscription period for the Subsequent Offering will end today, 14 May 2013 at 16.30 hours (CET).

The Prospectus and the subscription form are available at the Company\'s website www.scana.no and at the website of the manager Pareto Securities AS (www.paretosec.com).

For further information please contact:

Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

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This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the Australia, Canada, Japan or the United States.

Scana Industrier - Chairman of the board buys subscription rights in connection with the subsequent offering

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITEDSTATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Stavanger, 10 May 2013: Reference is made to the ongoing Subsequent Offering in Scana Industrier ASA (Ticker: "SCI"). The following primary insider transactions have been undertaken on 8 May 2013:

Bjørn Torkildsen, Chairman of the Board, has bought 100 000 subscription rights through his ownership in Invenius AS. The subscription rights are bought at a price of NOK 0.01 per subscription right. Invenius AS have a total of 100 000 subscription rights in Scana Industrier ASA following this transaction. 

Contact persons

Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

Scana Industrier ASA - Minutes from ordinary General Meeting 2013

Please find attached minutes from the ordinary general meeting in Scana Industrier ASA that was conducted May 6th 2013 (in Norwegian only).

36.3 % of the shareholders were represented at the meeting in person or by power

of attorney. Item 8, 9, 10 a), 10 b), 11 a), 11 b) and 11 c) were decided by 99.97 % of the represented votes. All other matters were decided unanimously in accordance with the board\'s recommendations.

For further information please contact:

Mr. Rolf Roverud, CEO at Scana Industrier ASA, mobile: +47 911 67 581

Mr. Kjetil Flesjå, CFO at Scana Industrier ASA, mobile: +47 900 41 213

Scana Industrier ASA - Candidates to the Board of directors of Scana Industrier ASA