EXECUTIVE APPOINTMENTS

Cecon is pleased to announce the following appointments: Morten Kilen (43) is appointed Operations Director in Cecon ASA. Mr. Kilen has been with the Company since 2007 as Project Manager on several offshore construction projects.  He holds an MSc, and has 15 years' experience as Project Manager, Project Engineering Manager and Installation Manager on numerous projects for APL, DSDN, Ugland Offshore and Subsea7. Andrew Towler (50) is appointed Business Development Director in Cecon ASA, currently based in Perth, Australia. Mr. Towler has been with the Company since 2005 as Operations Director. He holds a MSc, BA and BSc and has  25+ years' offshore experience, of which last 20 years as Project Manager for significant offshore development projects including numerous pipeline installations worldwide for Rockwater, Coflexip, Stena and Technip. Jørn Otto Gundersen (47) is appointed Commercial Director in Cecon ASA. Mr. Gundersen has been with the Company since 2008 as Project Services Manager. He has the Royal Norwegian Naval Academy, and 15 years + management and senior management experience as Contracts and Tendering Manager  on numerous projects for Ugland Offshore, DSND and Subsea7. For further information, contact Cecon CEO Terje P. Tellefsen, +47 47 67 28 88. Cecon ASA is an independent Subsea Installation Contractor located in Arendal, Norway. Cecon is focussing on EPCI contracts for steel pipelines - J/S-lay, flexible flowlines and risers together with cables and umbilicals for subsea oil and gas projects worldwide. Cecon ASA is listed on the Oslo Stock Exchange, Oslo Axess. Seewww.cecon.no for further details. [HUG#1372187]