STX Europe AS sells STX Norway Florø AS and STX Norway Design Florø AS to Westcon Group AS

1/2/2013 3:22 AM EST

STX Europe AS on 31 December 2012 completed the sale of all of the shares in its
wholly  owned subsidiaries STX Norway Florø AS and STX Norway Design Florø AS to
Westcon Group AS.

The  order backlog of  STX Norway Florø  AS was NOK  59 million at the end of Q3
2012 and  the order  book consisted  mainly of  one offshore pipelay vessel, the
"Deep   Energy".   For   further   information   about  the  sold  entities  see
http://www.stxeurope.com/sites/Floro/about/Pages/STX-Flor%C3%B8-in-brief.aspx.

The further details of the transaction are confidential.

Investor Relations:

Ju-Won Park
Deputy CFO
Tel: +47 21 02 15 21
E-mail:  

This  information is subject  of the disclosure  requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



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