Ingrid Dahl Hovland has been appointed Managing Director of Consolis subsidiary Spenncon as of March 1^st, 2007. She will follow Mr. Terje Søhoel who will retire in 2007 when he reaches 64 years age, after serving as Spenncon’s Managing Director for 10 years.

Mrs. Hovland (47) joins Spenncon from Norwegian construction company Selvaag Group, where she has worked since 2000, currently being Director of the Housing Division and Chief Executive Officer of Selvaagbygg AS. In years 1996-2000 she worked in construction company Veidekke where she, among others, was responsible for tunnelling projects.