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ScanArc ASA : SCANARC DECLARES ITSELF NOT BOUND BY PARENT COMPANY GUARANTEE

10/20/2011| 10:30am US/Eastern
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Published: 20.10.2011

Reference is made to the information given in the presentation at the extraordinary general meeting on 30 September 2011 (attached to the stock exchange notice the same day), regarding a parent company guarantee relating to removal of slag given to the operator of a slag storage used by ScanArc ASA's former subsidiary Eras Metal AS.



On basis of inquiries of the circumstances in connection with the issuing of the parent company guarantee, the Board of directors of ScanArc ASA has decided to declare to the operator of the slag storage that ScanArc ASA considers itself not to be bound by the guarantee.



For further information, please contact:

Ketil Sandhaug
Chairman, ScanArc ASA
Mob.: +47 952 25 554

Ralf Schmidt
CEO, ScanArc ASA
Mob.: +47 959 49 978

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