Press Release
January 18, 2007

New distribution center and head office for Onninen Norway

Onninen AS has signed a contract for a plot where to build a new head office and distribution center in Skedsmo, outside Oslo. The premises will include an office building of some 3,500 m², an indoor storage area of 15,000 m² as well as 5,000 m² unheated storage area. The plan is that the building will be ready for moving in during the first quarter of 2010.

The new location will not be far from the current distribution center at Gjelleråsen, and from a transport point of view the plot is very advantageously located close to the E6 motorway.

- Onninen Norway has shown a very rapid growth the last few years, and we forecast a continuous positive market development. Therefore, we will soon have grown out our current offices and warehouse, and we look forward to move to bigger and more efficient premises, says Managing Director Kurt Farstad.

 Further information: Kurt Farstad, Managing Director, Onninen AS, tel.  +47 6706 3213, firstname.lastname@onninen.no

ABOUT ONNINEN:
Onninen provides comprehensive materials services to contractors, industry, public organisations and technical product retailers. We are a family-owned company and have operated in the industry since 1913. We have 2,984 employees in our Finnish, Swedish, Norwegian, Polish, Russian and Baltic operations. Our net sales for 2006 totalled EUR 1,45 billion.