Scana Industrier ASA - Allocation to primary insiders in connection with private placement

1/29/2013 1:50 AM EST

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, 29 January 2013: Reference is made to stock exchange announcement
from Scana Industrier ASA (the "Company", ticker "SCI") dated 29 January 2013
regarding conditional completion of a private placement of NOK 100 million (the
"Private Placement"). The following primary insiders of the Company have been
allocated shares in connection with the Private Placement, at a price per share
of NOK 0.30:

John Arild Ertvaag, board member, has been allocated 66,666,667 new shares in
the Private Placement through his ownership in Camar AS. Following the Private
Placement Camar AS will hold 100,066,667 shares in the Company, corresponding to
a share ownership of approximately 16.1 % (passing the 15 % disclosure
threshold). John Arild Ertvaag and related parties will jointly hold
100,089,277 shares in the Company following the Private Placement, corresponding
to a share ownership of approximately 16.1 %.

Knut Øgreid, board member, has been allocated 63,333,333 new shares in the
Private Placement through his ownership in Verket Finans AS. Following the
Private Placement Verket Finans AS will hold 95,203,333 shares in the Company
corresponding to a share ownership of approximately 15.3 % (passing the 15 %
disclosure threshold).

Per Ravnestad, board member, has been allocated 16,666,667 new shares in the
Private Placement through his ownership in International Oilfield Services AS
and Panda AS. Following the Private Placement International Oilfield Services AS
and Panda AS will hold 24,036,163 shares in the Company.

Frode Alhaug, Chairman of the board, did not participate in the Private
Placement through his ownership in Fama Invest AS. Following the Private
Placement Fama Invest AS owns 17,785,966 shares in the Company, corresponding to
a share ownership of approximately 2.9 % (passing the 5% disclosure threshold).


Contact persons
Mr. Frode Alhaug, Chairman of the Board, Scana Industrier ASA, Mobile:
+47 906 44 875
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.



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


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