We refer to the stock exchange report sent 25 March 2010 regarding approval of annual report 2009. The Board of Directors of Bjørge ASA has undertaken a new evaluation of how the buy out responsibiity of the minority interests in the partly owned subsidiary Bjørge Teamtrade AS is presented in the accounts. As a result the annual report includes some corrections, compared with the quarterly report for the fourth quarter 2009, in the balance sheet for goodwill, minority interests and contingent liabilities. Corresponding figures have been adjusted accordingly. The change in presentation will not influence the profit reported for 2008 and 2009.
The Board of Directors has in a board meeting Friday 16 April, approved the final accounts for 2009. The annual report is also available at the company's web page, www.bjorge.no.
Tananger, 19 April 2010
The Board of Directors of Bjørge ASA
For further information, please contact Trine Sæther Romuld, EVP & CFO, Bjørge ASA, +4799163632
Bjørge ASA delivers process and safety-critical products and systems as well as a complete range of services that maintain lifecycle-long performance. This perspective ensures optimal operations and lower lifecycle costs. Bjørge has extensive experience as a supplier to the Norwegian oil and gas industry and select international markets; the company represents some of the world's leading suppliers. Bjørge also invests significant resources in its proprietary technologies and system integration. Bjørge has 525 employees.