Date: 28 May 2009

Shareholder's meeting resolution to raise a convertible loan

On 28th May, 2009 a Nordic Heavy Lift ASA Shareholders' meeting was held pursuant to summons of 13th May 2009 regarding raising of a convertible loan in connection with a restructuring proposal in order to enable an orderly redemption of the "Nordic Heavy Lift ASA Senior Secured Callable Bond Issue 2007/2012". The Extraordinary General Meeting adopted the resolution proposed by Board of Directors and the Minutes can be viewed here.

Based on the resolutions of both the Bondholders' Meeting on 25th May 2009 and the Extraordinary General Meeting of NHL today, the bond redemption resolution is approved. Completion of the bond redemption will take place on or about 5 June 2009.

For more information:
CEO Rob Boer T +31 (0)8800 62710 M+31 (0)6 5356 5933

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