Acquisition of Rocksource Geotech is completed

The terms of the merger between Ecuanor Geotech and Rocksource Geotech are now fulfilled, and the merger has become effective by registration in the Register of Business Enterprises. Further information about the merger was given in the stock exchange release of 4 May 2005.

As a consequence of the merger, Ecuanor Geotech has changed its name to Rocksource Geotech. The business of the group in relation to EM-technology will by carried out through this company.

The shareholders of Rocksource Geotech have, through a share capital increase in Rocksource, received 100 million shares in the company as consideration in the merger.

The share capital of Rocksource after the merger is NOK 106.466.236,75 divided into 425.864.947 shares.

The shareholders of Rocksource Geotech have entered into a lock-up agreement whereby they cannot sell consideration shares in 2005, and that 25% of the consideration shares are released from lock-up each year thereafter.

One expects that the consideration shares will be registered in the Norwegian Registry of Securities (VPS) within Wednesday 17 August 2005.

The Oslo Stock Exchange has received a new Certificate of Incorporation.

Oslo, 15 August 2005
Rocksource ASA

Tommy Sundt
CFO

+ 47 22 83 28 85

Published: 15.08.2005