5 March 2010

 
ABG Sundal Collier has received the Oslo District 
Court's (Oslo tingrett) decision in the case filed by 
Schlumberger against ABG Sundal Collier. 
 
Schlumberger's claim was put forward following ABG 
Sundal Collier's engagement as financial advisor to 
Eastern Echo Holding Plc in November 2007, prior to 
Schlumberger's take-over of Eastern Echo. 
Schlumberger alleged that ABG Sundal Collier during 
the take-over process contributed to market 
manipulation relating to the contents of and 
omissions in information releases provided to the 
market by Eastern Echo, causing Schlumberger to pay a 
higher price for the shares in Eastern Echo. 
 
The court has dismissed Schlumberger's claim and 
ordered Schlumberger to pay ABG Sundal Collier's 
legal costs in connection with the claim. 

In addition to the court's conclusion, we are 
satisfied to note that the court as basis for its 
conclusion, inter alia, has dismissed Schlumberger's 
allegation that ABG Sundal Collier contributed to 
market manipulation in the Eastern Echo shares during 
the take-over process.
 
The court's decision is not yet binding and 
enforceable, and can be appealed.


 
 


Contacts:     CFO, Tore Grøttum		+47 22 01 60 
00