The Board of Directors decided in June to increase the base salary of the President and CEO Eivind Reiten by 3 percent to NOK 4.33 million effective for 2004. No changes to the CEO salary were made in 2003.
President and CEO Eivind Reiten will receive a performance reward bonus of NOK 1.19 million for 2003. The amount is in accordance with his bonus plan and the performance-related target setting established earlier.
Contact person: Kristin Brobakke
Phone: +47 22 53 27 44
Mobile: +47 918 40 681