Njål Sævik nominated as new ODIM chair

(Hareid, 25 September 2009): The nomination committee of ODIM ASA has recommended Njål Sævik as the new chair of the company and Anders Almestad and Lars P. Eikeland as new directors. Elections to the board are scheduled for an extraordinary general meeting of ODIM on 2 October 2009.

Following its acquisition of 33 per cent of the shares in ODIM ASA, Rolls-Royce Marine AS wishes to have two seats on the board as well as one member of the nomination committee. Serving chair Karl Erik Kjelstad (Executive Vice President, Aker Solutions ASA) and director Leif Borge (CFO, Aker Solutions ASA) have tendered their resignation from the board. The other shareholder-elected directors wish to continue. Mr Almestad and Mr Eikeland are President Offshore, and Senior Vice President - Finance & Strategic Planning – Offshore, respectively of Rolls-Royce Marine AS. In addition to nominating Mr Sævik, a serving director, as chair until the next annual general meeting, the nomination committe recommends that serving director Kristin Krohn Devold be elected as deputy chair for the same period. The nomination committee’s recommendation for the new board of ODIM ASA is accordingly as follows: Njål Sævik (chair) Kristin Krohn Devold (deputy chair) Rebekka Glasser Herlofsen Anders Almestad (new) Lars P. Eikeland (new) Jo-Helge Dimmen (worker director) Sveinulf Øydne (worker director) Øyvind Bunes (worker director) Kjell Inge Røkke has tendered his resignation from the nomination committee. The other members wish to continue. The nomination committee’s recommendation for its future membership is accordingly: Leif Arne Langøy (chair) Inge Dragsund Anders Almestad (new)

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ODIM is an international technology group that develops and sells automated handling solutions. These primarily consist of cablehandling systems and winches for use on offshore and naval vessels. The group is expanding strongly and has a leading position today in selected market niches such as seismic, subsea and offshore supply.