Acta Holding ASA - Real estate
Reference is made to stock exchange release of March 7 2005 regarding Acta`s real estate activities.
Acta has since mid January 2005 been in a dialog with Kredittilsynet (The Banking, Insurance and Securities Commission of Norway) regarding Acta`s real estate products. In a meeting with Kredittilsynet on March 11 2005, that was held following an initiative from Acta, Kredittilsynet confirms that the process is to be regarded as a Routine Inspection. All panies that hold a licence from Kredittilsynet are periodically subject to routine inspections.
Acta will, according to normal procedure, receive a preliminary report from the routine inspection after Easter. Following Acta`s response to potential remarks from Kredittilsynet in the preliminary report, a final report will be released. It is expected that this process will require some time to be completed.
The communication with Kredittilsynet has to date not included any instructions to change anything in Acta`s operations. Should the final report from Kredittilsynet include any remarks, that imply changes to marketing, products or otherwise, than Acta will be prepared to make such adjustments.
Stavanger, 14 March 2005