Regarding the acquisition of H&P Fondförvaltning AB

We refer to the announcement on 15 August 2012 regarding Agasti Holding ASA´s acquisition of the Swedish provider of savings- and investment services H&P Fondförvaltning AB. The acquisition is subject to approval from Finansinspektionen.

Finansinspektionen has now declined Agasti Holding´s application to acquire H&P Fondförvaltning AB.

Agasti Holding ASA disagrees with the decision from Finansinspektionen and will appeal the decision. An acquisition of H&P Fondförvaltning AB is not essential for the development of our Swedish operations.

Further information:
Tor Arne Olsen, CCO Agasti Holding ASA, Tel: +47 900 90 470