(Oslo, 22 December 2011) In connection with the merger of EDB and ErgoGroup, the company announced a synergy program made up of 3 phases to be implemented over a period of 18 months. The Board of Directors of EDB ErgoGroup ASA has now decided to implement phase 3 of this program,  which includes headcount reductions in the IT Operations business area and some parts of the Solutions business area totalling 80 persons, and is due to be carried out over the first half of 2012. 

As a result, EDB ErgoGroup will make a provision for restructuring costs in the order of NOK 40 million in its accounts for the fourth quarter of 2011. This provision is within the previously announced total for the non-recurring costs of the synergy program of NOK 120 million. Following this provision, the company has completed the restructuring provisions associated with the 18-month program.

These synergy costs represent part of the plan to realise the total synergy gains from the merger, which are estimated to represent NOK 325 million annually with full effect from the second half of 2012.

Contact names EDB ErgoGroup:

Eli Giske, CFO, Tel: +47 908 44 189

Geir Remman, SVP Corporate Communications, Tel: + 47 970 55 017

About EDB ErgoGroup

EDB ErgoGroup ASA is one of the leading Nordic IT companies, with some 10,000 employees and annual turnover in the range of NOK 12 billion. The company is listed on the Oslo Stock Exchange and operates from headquarters in Oslo with major activities in both the Norwegian and Swedish markets.

This information is subject to the disclosure requirements stipulated in §5-12 of the Norwegian Securities Trading Act.