Exercise of employee share options in Atea ASA ("the Company")

1. Employees in the Atea Group have exercised 598,961 options. Following the share option exercise the Board of Directors, pursuant to authorisation granted by the Company's Annual General Meeting, has decided to increase the Company's share capital by NOK 598,961 by issuing 598,961 new shares, of par value NOK 1. Following the increase the Company's share capital is NOK 105,769,672 divided into 105,769,672 shares. The weighted average option exercise price is NOK 49.56.

2. Options exercised by primary insiders 21 October 2016:
Malene Carstensen has exercised 4,667 options in the Company, corresponding to 4,667 shares at the strike price of NOK 58.25.
Steinar Sønsteby has exercised 50,000 options in the Company, corresponding to 50,000 shares at the strike price of NOK 34.25.
Carl-Johan Hultenheim has exercised 100,000 options in the Company, corresponding to 100,000 shares at the strike price of NOK 58.25.
Rasmus Hauge Mathiassen has exercised 3,000 options in the Company, corresponding to 3,000 shares at the strike price of NOK 61.50.
Lill Beate Pedersen has exercised 10,000 options in the Company, corresponding to 10,000 shares at the strike price of NOK 34.25.
Göran Frislund has exercised 3,500 options in the Company, corresponding to 3,500 shares at the strike price of NOK 34.25.

3. Transfer of rights
On 21 October 2016, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Stock Exchange, when known.
Malene Carstensen, Steinar Sønsteby, Carl-Johan Hultenheim, Rasmus Hauge Mathiassen, Lill Beate Pedersen, Göran Frislund

4. New holding
After exercising options, Malene Carstensen holds 29,334 options in the Company. As of today the primary insider holds 1,900 shares in the Company.
After exercising options, Steinar Sønsteby holds 1,100,000 options in the Company. As of today the primary insider holds 2,000 shares in the Company.
After exercising options, Carl-Johan Hultenheim holds 200,000 options in the Company. As of today the primary insider holds 10,000 shares in the Company.
After exercising options, Rasmus Hauge Mathiassen holds 6,000 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Lill Beate Pedersen holds 30,000 options in the Company. As of today the primary insider holds 8,800 shares in the Company.
After exercising options, Göran Frislund holds 6,000 options in the Company. As of today the primary insider holds 120 shares in the Company.

For further information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188
Chris Sørum, Finance Manager Atea ASA, mobile +47 900 78 818

   
About Atea
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with 6,800 employees. Atea is present in 89 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 28 billion in 2015 and is listed on Oslo Stock
Exchange.
www.atea.com

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