Reference is made to Global Tender Barges ASA's ("GTB's") stock exchange announcement of 2 December 2009 regarding the merger proposal from the board of directors of Bergen Oilfield Services AS ("BOS").

 

The board of directors of GTB emphasizes that the work to consider the strategic alternatives is ongoing.

 

Further, the board of directors informs that in connection with the merger proposal the board of directors has resolved not to use the authorization regarding share issue/merger given in the annual general meeting on 28 May 2009. This implies that if the board of directors, based on a total evaluation of the adequacy, and negotiations of the exchange ratio, should conclude that the board of directors wants to recommend a merger with BOS, such possible recommendation will be submitted to the shareholders meeting who will decide on the matter.

 

Contacts at GTB ASA:

Executive chairman Gunnar Reitan +47 41 48 08 00

CFO Jon A. Elde at +47 23 01 49 76