here - Add Energy

News release
15 July 2012
add energy secures refinancing with SR-Bank
STAVANGER; add energy has agreed a refinancing with its main bank SpareBank 1 SR-
Bank. The arrangement restates existing debt according to a 5-year profile as from
August 2012. The new financing also includes an increased multi-currency credit facility.
Stig H. Christiansen, CEO of add energy, says: “This refinancing corresponds very well to
the current size, status and strategy of our company, and it provides with sufficient
horizon and financial flexibility to develop the company further according to our strategy
and targets. We are very pleased with the collaboration and continued support form SR-
Bank”.
Harald Justnæs, CFO of add energy, says: “During the refinancing negotiations we have
further strengthened the relationship with SpareBank 1 SR-Bank and are very pleased to
have finalized the refinancing at acceptable rates and conditions.”
Facts about add energy:
add energy is an international and independent competence house of Integrity and Well
Specialists with three main business segments; Integrity Assurance, Well Management
and Risk & Well Engineering. The company is an international provider of competence,
software and software supported services and solutions to the energy industry. The
vision is to be the preferred supplier of competence and innovative solutions in niches of
the energy market.
• add energy has approx. 275 employees and consultants. Pro forma turnover for
the group in 2011 was about MNOK 480 (unaudited).
• add energy is owned by the Stavanger-based Private Equity company (fund?)
Progressus together with employees and consultants in add energy. The number
of shareholders totals at approximately 100.
• add energy group has offices in Stavanger (Headquarters) and Oslo (Norway);
Houston (USA); Aberdeen (UK); Muscat (JV in Oman); Singapore, Perth,
Melbourne, Darwin and Brisbane (Australia) and Wellington (New Zealand).
Contact details:
Stig H. Christiansen, CEO
Mobile: +47 47 80 78 13
Phone: +47 51 87 44 87
Mail: stig.h.christiansen@addenergy.no
Images of Stig H. Christiansen can be downloaded here

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Harald Justnæs, CFO
Mobile: +47 40 40 85 25
Phone: +47 51 84 44 82
Mail: harald.justnaes@addenergy.no
Images of Harald Justnæs can be downloaded here
For more information please refer to www.addenergy.no