AIK: Erik Oyno withdraws from CEO position in Aktiv Kapital

(Oslo, 3 March 2011) Erik Oyno has informed, and the Board accepted, that he wishes to step down as the CEO of Aktiv Kapital. Erik will continue to manage the company until the Annual General Meeting March 30. Fredrik Halvorsen; on behalf of the Board of Aktiv Kapital states: "Erik has been a strong contributor to Aktiv Kapital's performance in his 5 years with the company. Erik has decided to pursue an opportunity outside of Aktiv Kapital and we wish him the best of luck in his future endeavours. Erik Oyno states that; "Managing Aktiv Kapital through and out of the recent global financial crisis has been challenging and a great learning experience. I am proud of the operational improvements, strategic changes and financial results we have achieved. Upon Erik's departure, Fredrik Halvorsen will take a more active role in Aktiv Kapital until a permanent solution is found. For more information, please contact: Erik Øyno, CEO May Kristin Haugen, Communications director Tel.: +47 22 91 59 55 Tel.: +47 22 91 59 53 Mobile: +47 90 13 12 03   Mobile: +47 97 74 50 57 About Aktiv Kapital Aktiv Kapital operates in nine countries and is headquartered in Oslo. The Aktiv Kapital Group is one of the largest investors in non-performing credit portfolios in Europe and Canada. In 2010, Aktiv Kapital had an operating revenue of NOK 946 million and 356,000 paying customers. The company is listed on the Oslo Stock Exchange (AIK). For more information about Aktiv Kapital, please visit: Disclosure of this information is pursuant to Section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Aktiv Kapital via Thomson Reuters ONE [HUG#1494296]