Grenland Group's Executive VP Steps Down

Grenland Group ASA announced that Magnar Brekka, Executive Vice President and current head of the Subsea Fabrication business area, has accepted new challenges outside of the Company.

Brekka, has accepted a position with Ramboll AS in Sandefjord, and he will start his new assignment before February 1, 2009 . The process to find his successor has allready started. Brekka has been employed by Grenland Group ASA since May 1, 2001.

The Company wishes Magnar good luck with his new challenges.