Press Release July 8, 2011

Marcongruppen’s owners acquire Frog Marine GroupDiving and marine construction company Marcongruppen’s owners have acquired much of the business from Frog Marine Group's bankrupt’s estate. Frog Marine Group runs a similar business as Marcongruppen and the acquisition includes ships, boats, inventory, machinery and certain subsidiaries. -       We expect the acquisition to be positive for both our companies and our ambition is that the ongoing business in Frog Marine Group will continue uninterrupted. We will actively participate in the reconstruction work under way in a few of the