(Lysaker, 19. December 2008): The facility management company NEAS
has signed an agreement with the Australian company Valad Property
Group for management of nine properties of which eight are in
Stavanger and one in Oslo.

Valad Property Group is an active Australian fund manager with about
EUR 9 billion under management. The Group focuses on multi-use
properties within office and industrial property.

The agreement is valid until terminated and has start-up on 1.
January 2009, with an annual value of about NOK 2 millioner,
exclusive brokerage services and operations.

- Our core business is to increase the return on our investors'
investments throught value-added activities and the agreement with
NEAS contributes to achieve this, says Arne Christian Landsvik,
manager for Valad in Norway.

- We are of course very satisfied with the fact that a considerable
company like Valad has chosen our services for management of their
properties. This also contributes to strengthening our position and
growth in the Stavanger area, says Tor Rønhovde CEO in NEAS.

For further information:
Tor Rønhovde, CEO NEAS, telephone +47 6740 1000

or www.neas.no

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,
Grenland, Tønsberg and Larvik. The NEAS organisation embraces close
to 380 employees.


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