August 20, 2009 06:52 ET

CECON ASA: Share capital increase

ARENDAL, NORWAY--(Marketwire - August 20, 2009) -

On 12 June 2009 Cecon ASA announced an agreement with Foresight Limited of UK ("Foresight") of acquirement of 7,616,600 shares, or 10% of the current outstanding number of shares in the Company, issued under the board's authority, at NOK 2.10/share. The share capital increase has now been registered with the Norwegian Registry of Business Enterprises. Following the registration, Cecon ASA's share capital is NOK 4.189.130, divided on 83.782.600 shares, with a nominal value of NOK 0.05.

For further information, contact CFO Ivar Halvorsen, +47 48 13 22 45

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