Christian Dovland new CFO in Agasti Holding ASA

Christian Dovland is appointed as new CFO in Agasti Holding ASA. Dovland most recently served as Senior Director at Obligo Investment Management AS, a subsidiary of Agasti Holding. He replaces Christian Tunge, which will support Dovland the coming months to ensure a good transition and continuity.

Christian Dovland has extensive experience from capital markets and from various roles within economy and finance, including Arthur Andersen, controller and chief investment officer of Stormbull AS and CFO of Nesthood International ASA. Christian Dovland worked more than 11 years with Corporate Finance at Swedbank First Securities and has the past year been responsible for private equity, infrastructure and renewable energy in Obligo Investment Management AS. Dovland holds a BA in Business Organization from Heriot -Watt University, as well as an MBA in International Management and an MA in International Policy Studies from the Monterey Institute of International Studies.

"I'm very pleased to get Christian Dovland as new CFO. Christian has extensive and highly relevant experience to do a good job in an important and demanding role, says CEO Jørgen Pleym Ulvness."

Since Agasti moved the head office to Oslo and a growing part of the business has been concentrated here, it is also a great need to gather the entire executive management in Oslo.

"Christian Tunge is a highly skilled CFO who has done a very good job for the company. In particular I would like to highlight the work he has done the last 18 months with strategic acquisitions and restructurings which have been important building blocks for our positive financial development. He has shown an understanding that we need to have the entire executive management gathered in Oslo, says Ulvness."

Oslo, 11 February 2014

Contact details:

CEO, Jørgen Pleym Ulvness: (+47) 906 67 877

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