Press Release
September 21, 2007

Kurt Farstad appointed Managing Director of Onninen Norway

Kurt Farstad has been appointed Managing Director of Onninen Norway as of 1st October, 2007. Kurt will report to Group Executive Vice President Helge Messelt Sæthershagen.

- Onninen Norway shows strong growth and the outlook is optimistic, says Helge Messelt Saethershagen. Kurt has the right experience to further develop Onninen Norway’s operational efficiency and profitability.

Kurt has a M.Sc. degree and has previously worked within ICT, sales, logistics and management in different companies. In 1990 he joined Eilag AS, the Norwegian company acquired by Onninen in 2002. His latest position within Onninen has been as Deputy Managing Director for Onninen Norway and Logistics & ICT Director for Onninen Scandinavia.

In addition to the Profit and Loss responsibility for Onninen Sweden and Onninen Norway, Helge M. Saethershagen will focus on his role as Group Executive Vice President, leading Group Sourcing and geographical expansion.

More information:
Kai Puustinen, SVP, Group Communications, Onninen Oy, tel. +358 204 85 5558

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