DNV will create a new organisational unit dealing specifically with Climate Change related services.

“I really look forward to work with one of the world’s most pressing challenges. Our position within quota trading is very strong – in all main markets – and the future outlook is exciting,” says Bjørn K. Haugland.

“By making this move, I want to demonstrate an even stronger DNV commitment to the role we shall play on the Climate Change arena. The strong position we have established today in the field of CDM (Clean Development Mechanism) and JI (Joint Implementation) validation and verification gives us a fantastic brand and starting point for future growth. We therefore want to give this service area the best opportunity to focus, grow and to take a strong global position in this rapidly expanding market” says CEO Henrik O. Madsen.

The new DNV unit will be headed by Bjørn K. Haugland, who will take up his new position as of 1 September. He will have a direct reporting line to CEO Henrik O. Madsen. At the outset, the unit will consist of approximately 70 people.

Date: 11 June 2008