Investor Relations

Grenland Group is:

• A solid supplier within the Maintenance and Modifications market of offshore and landbased industry
• A leading fabricator of subsea templates and other subsea equipment
• A leading supplier of solutions and services of floating producing units (FPSO), drilling and well interventions and marine vessels
• Innovative supplier of early-phase studies and concept studies within field development

Having a highly motivated staff and competent employees, together with solid customer relations and a solid market within the oil and gas sector, Grenland Group is well positioned achieve solid results both in Norway and internationally in the coming years.

For the year 2008, Grenland Group achieved an EBITDA of NOK 110 million, an increase of 93.6 percent from NOK 56 million in 2007. In the fourth quarter, EBITDA was NOK 34 million, versus NOK -6.7 million in the fourth quarter of 2007.

The business of the company
The business of Grenland Group includes development and design, production and service for the oil and gas industry and other land-based industries. The legal structure of the group comprises the following active subsidiaries of which the parent company Grenland Group ASA owns 100 percent of the share capital: Grenland Offshore AS, Grenland Industri AS, Grenland Group Technology AS, Grenland Group Electro & Automation, Grenland KSI AS, Grenland MMO AS, Grenland AsIs Global AS and Grenland Group Malaysia Sdn. Bhd in Kuala Lumpur, Malaysia. In addition, the company holds a 30 percent share of Grenland Arctic AS, and a 60 percent of Grenland House International Resources in Shanghai, China.