Lysaker, 2 July 2008.

The Facility Management company NEAS has signed a property management
agreement with the municipality Larvik Kommune and will as a part of
the agreement establish an branch office in the city. The agreement
has a total value of approximately NOK nine million and the duration
is two years, and with an option of additional two years.

The agreement involves management of 430 units and related services,
from minor renovations to large development plans. With the agreement
NEAS strengthens the company's workmen presence in the Larvik region
and the company becomes able to offer 24/7 assistance in Vestfold.



For further information please contact:

Tor Rønhovde, CEO, NEAS ASA, tel: +47 91 60 62 04


About NEAS ASA
NEAS is the leading Norwegian specialist in facility management. With
its head office at Lysaker outside Oslo, the company has branches in
Bergen, Trondheim, Stavanger, Kristiansand, Sarpsborg, Gjøvik,
Tønsberg and Larvik as well as at Luleå in northern Sweden. The NEAS
organisation embraces more than 370 employees.

www.neas.no





Copyright © Hugin AS 2008. All rights reserved.