Engagement of financial advisor

The Board of Directors of Roxar ASA has in a board meeting today, 12 November 2008, discussed the acquisition of substantial ownership interest by Kongsberg Gruppen ASA made on 11 November 2008. The Board of Roxar ASA is pleased that there is an increasing interest in the company's share. The Board has resolved to grant the Chairman of the Board and the management of the company a mandate to engage a financial advisor to assist the company in its evaluation of strategic alternatives, and in consideration of alternatives in order to secure the interests of all shareholders of the company.

For further information, please contact
Even Gjesdal, CFO Roxar ASA +4797789070