Final decision received from the Financial Supervisory Authority

After market close today, Friday 20 June, Navigea Securities AS (Navigea), a subsidiary of Agasti Holding ASA (Agasti), received the Financial Supervisory Authority’s final decision regarding the revocation of the company’s license to provide investment services. As expected, the decision is in accordance with the notification received on 17 March 2014.

“The final decision is as expected, which we have communicated and taken into account in all matters during the latest months. As recent as 3 June, we announced implemented cost cuts and divestment of the investment advisory business. Customer investments are safe and are not affected by the decision. Now we will put the subject behind us and we have for a long period of time focused on our new profitable business areas consisting of capital management, corporate finance and brokerage services, says Jørgen Pleym Ulvness, managing director of Agasti Holding ASA.

For further information:
Managing director, Jørgen Pleym Ulvness, tlf 906 67 877
Communication director, Tor Arne Olsen, tlf. 900 90 470