High level of client loyalty

• Revenues of NOK 97 million and an operating earnings of NOK 4 million in the second quarter (compared to NOK 100 million and NOK -41 million in the first quarter)
• High level of client activity and new concepts well-received
• High number of clients in Norway and Sweden have chosen to enter into client agreements
• Clients representing over 80 per cent of equity invested through Acta Asset Management have accepted a new client agreement
• Cost reduction programme with annual savings of NOK 120 million successfully implemented

“The Acta Group had an operating earning of NOK 4 million in the second quarter. This clearly confirms that the comprehensive client work carried out in the first quarter has yielded results, and that the cost reduction programme is implemented and provided significant savings”, says Alfred Ydstebø, Chairman of the oard in Acta Holding ASA.

In a changing financial world, where values change rapidly, we have been committed to providing our clients with good, balanced investment advice throughout the entire quarter, in order to secure their investments with us in the best possible way.

After the Financial Supervisory Authority of Norway revoked the licences of the company Acta Asset Management (AAM), comprehensive and demanding work focused on the Group’s clients has been carried out. Clients have been offered the option of signing new client agreements with Navigea Securities AS, where Navexa Securities AB, previously Acta Finans AB, is the associated agent for our Swedish clients. At the end of July, over 13,000 clients of a total of 20,000 clients with holdings in AAM in Norway had chosen to accept new client agreements with Navigea Securities AS. These clients are our largest and most satisfied clients, and represent a total of over NOK 11 billion in equity under management through AAM. This is equivalent to more than 80 per cent of the total client funds under management through AAM in Norway. In Sweden the trend is the same, where over 24,000 clients with almost 8 billion kroner in equity under management through AAM have chosen to enter into new agreements with Navigea Securities AS.

For those of our clients who have not wished to continue their client relationship, our advisors have been helpful in finding other solutions.

“It is gratifying to see that our clients still have trust in us, and that they have received our further developed client concepts so well. We shall show that we are worthy of such trust in the times ahead”, says Ydstebø.

The cost reduction programme that was launched in February has now been implemented, and its full effect will be shown from the third quarter.

“We operate within a dynamic industry which is affected by the developments in the world’s financial markets. The cost reduction programme that has now been completed shall not be an excuse for complacency. We must also remain aware of cost levels going forward, and adapt these to the applicable activity and income. It is satisfying to see that we have once again delivered positive figures in a quarter where subscriptions have been moderate at NOK 275 million, and where our focus has been to ensure our customers receive effective and constructive follow-up of their investments with us”, says Ydstebø.

The coming months will to a great extent be used to continue the comprehensive client work that is now underway. The content of the new concepts will be developed further, both with regard to quality and to which services shall be offered.

A complete English version of the interim report of the 2nd quarter and 1st half of 2012 are attached on  www.newsweb.no and on Acta's Investor Relations web pages www.acta.no.

Alfred Ydstebø (sign.)

Chairman of the Board

Contact details:

CEO Alfred Ydstebø, mobile phone: (+47) 908 32 828

CCO, Mirja Herrdin, mobile phone: (+47) 948 82 370

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