The funding and necessary board approvals in connection with the contract for building
two new cruise ferries for Fjord Line, are now resolved. The contract for construction
of two cruise ferries has a total value of EURO 206 million, and the modern state-of-the
art vessels will be delivered in spring and autumn of 2012.

- We are very pleased that the formalities in this contract now are settled, and are
looking forward to deliver two very competitive and future-oriented cruise ferries to
Fjord Line during 2012, says executive vice president Inge Tangerås in Bergen Group
Shipbuilding.

The two sister ships have a length of 170 meters. Each ship will accommodate about 300
cabins and suites, and have space for about 1,500 passengers. The cargo deck has a
capacity of 600 cars.

The hull of the two cruise ferries will be built at the Polish shipyard Stocznia Gdansk.
Outfitting and completion of the ships will be done at Bergen Group Fosen who has a
solid expertise in building cruise ferries for the international market, including “The
World” and two of the newer ships operated by Hurtigruten.

Fjord Line has also signed an option agreement for building a third cruise ferry at
Bergen Group Fosen for delivery in 2013. The contract price for an eventually third ship
is to be clarified through negotiations at the time the option is exercised. The
expiration of the option agreement is due in June 2011.

Contacts:
Inge Tangerås, Executive Vice President Bergen Group Shipbuilding, tel. (+47) 982 067 67
Arnar Utseth, MD. Bergen Group Fosen, tel. (+47) 97 16 48 63
Terje Iversen, CFO of Bergen Group, tel. (+47) 932 40 359

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

HUG#1421022