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Computershare Governance Services Wins Prestigious StatoilHydro Contract

Posted on: Tuesday, 24 February 2009, 07:32 CST

BRISTOL, England, February 24 /PRNewswire-FirstCall/ -- Computershare Governance Services (CGS), part of the Computershare group of companies (ASX:CPU) has won a prestigious contract to supply Norwegian company StatoilHydro with its Global Entity Management System (GEMS).

Created in 2007 from the merger of Statoil and Hydro's oil and gas activities, the company has approximately 29,500 employees in 40 countries, and is the operator for 39 producing oil and gas fields.

CGS won the contract following a rigorous procurement process, including requiring providers to achieve accreditation to Achilles Joint Qualification System, the database used by Norwegian and Danish gas and oil operators when selecting suppliers.

'CGS's GEMS product was the only solution that met our requirements to the full. We are confident that we're investing in an entity management solution not just for now, but for StatoilHydro's future,' said Margrethe Fisketjonn, Administration Manager at StatoilHydro's Legal department.

CGS's Global Entity Management System will replace StatoilHydro's previous internal company registrar system with immediate effect: 'We're currently undertaking the implementation phase of the project, working with StatoilHydro to embed the system into their Norwegian HQ. We're delighted that our experience, expertise and technologically advanced software have won us this coveted contract,' commented Mark Selinger, managing director for CGS in Europe.

StatoilHydro provides CGS with its first Norwegian based contract, extending the list of European countries the company works in.

About StatoilHydro

Established in October 2007 following the merger between Statoil and Hydro's oil and gas activities, StatoilHydro is an integrated technology-based international energy company primarily focused on upstream oil and gas operations. StatoilHydro has more than 30 years of experience from the Norwegian continental shelf, pioneering complex offshore projects under the toughest conditions, and is the biggest seller of oil products in Scandinavia. The company has approximately 29,500 employees in 40 countries, and is the operator for 39 producing oil and gas fields.

About Computershare Governance Services

Computershare Governance Services is the world's leading supplier of entity management and subsidiary governance solutions. Today over 250,000 legal entities are administered, governed and kept compliant using our software.

We have over 500 clients around the world using our solutions and they are supported by our North American facilities in Toronto, Houston, New York and Shelton, Connecticut and our European facilities in Munich, London and the headquarters in Monaghan, Ireland.

Computershare

Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial, governance and communication services. Many of the world's largest companies employ our innovative solutions to maximise the value of their relationships with investors, employees, customers and members.

Computershare has over 12,000 employees across the world and serves 17,000 corporations and 100 million shareholder and employee accounts in 17 countries across five continents.

For more information, visit http://www.computershare.com

SOURCE Computershare

Source: PR Newswire

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