Update on strategic process in Roxar

The Board of Directors of Roxar ASA decided on 19th November 2008 to retain advisors and initiate an evaluation of strategic alternatives for the Company.

The Board of Directors will continue to evaluate various alternatives as part of this process. As such, there has also been an interest from industrial companies wishing to explore various strategic alternatives. As a result of this interest, a data room has now been opened for some of the interested parties.

The Company's aim is to conclude the strategic evaluation within Q1-09.

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