Press release- New CEO at Kistefos AS

henningjensen

Oslo, 21st September 2011

Mr. Henning E. Jensen is employed as CEO of Kistefos AS and will start mid October 2011.

Prior to joining Kistefos, Henning E. Jensen was CEO of RHI AG, the publically traded (Vienna stock exchange) global leader in refractories. Before that he worked for Tyco Electronics (NYSE: TEL) in various leadership positions for almost 10 years including heading up its global automotive business and being CFO for electronic components, Tyco Electronics’ largest business segment. He started his industrial career and spent close to 10 years with General Motors (NYSE: GM) and Delphi in various financial, strategic, and M&A leadership positions. Prior to his industrial career, Henning E. Jensen was a Professor of Finance at University of San Francisco for five years.

Mr. Jensen holds an MBA from University of San Francisco and has undertaken executive and post graduate studies in St. Gallen and the Wharton School.

Contact: Christen Sveaas, Chairman of the Board – Phone: +47 23 11 70 00