Acta Holding ASA - 2nd quarter earnings update

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Acta Holding ASA expects 2nd quarter 2005 operating earnings (EBIT) significantly above market expections and significantly above 1st quarter operating earnings of 131 million kroner. The company estimates as of today 2nd quarter operating earnings at minimum 180 million kroner. The improvement is primarily due to higher revenue related to real estate syndication.

Stavanger, 5. juni 2005
Jan Rune Steinsland
CFO
+47 21003354 / +47 97052533
jan.rune.steinsland@acta.no