Liquidation and de-listing proposed reversed

On 22 August 2016, Agasti Holding ASA's (the "Company") extraordinary general meeting resolved to sell the Company’s 66 per cent ownership interest in Obligo Holding AS ("Obligo") and financial assets consisting of shares in unlisted funds managed by Obligo's subsidiary Obligo Investment Management AS and a USD 2.5 million convertible loan. The purchaser was Blackstone Real Estate Funds. The agreed purchase price was NOK 215 million, and was paid in cash in September 2016.

Once the transaction was completed, Blackstone Real Estate Funds became the sole owner of Obligo, while the Company no longer had any operations or assets other than the proceeds received in connection with the transaction and shares in non-operative subsidiaries. On 22 August 2016, the Company's general meeting also approved the board’s proposal to liquidate and subsequently delist the Company from the Oslo Stock Exchange. Following the resolutions made by the extraordinary general meetings 22 August 2016 and 19 September 2016, the Company's assets, including the purchase price, net of transaction costs and the company's operational costs until liquidation, have been distributed to the Company's shareholders.

In October 2016, Intelco Concept AS ("Intelco") became the owner of 33.33 per cent of the shares of Agasti Holding ASA. Intelco has requested that the Company holds an extraordinary general meeting to resolve inter alia the election of a new board of directors, amendment of the Company's name, including amendment of the articles of association and the reversal of the previous resolutions regarding liquidation and de-listing of the Company's shares from the Oslo Stock Exchange. The extraordinary general meeting will take place 14 November 2016.

The above mentioned proposals, which are subject to final approval at the extraordinary general meeting, are the first steps of a possible process where the Company acquires shares in Hiddn Security AS ("Hiddn"), a provider of hardware-based encryption solutions. According to a statement from Intelco, the settlement will be in shares issued by the Company. In the event where the Company acquires at least 2/3 of the outstanding shares in Hiddn, a capital increase in the Company will be proposed in order to finance the operations and development of the future business. In this respect, a guarantee consortium has been established. The consortium guarantees for a share issue in the Company, which is at least NOK 20 million.

The interim report for the third quarter of 2016 has been prepared under the assumption that the extraordinary general meeting 14 November 2016 approves the proposed resolutions, and the accounts are based on the going concern assumption.

In the event the extraordinary general meeting 14 November 2016 resolves to turn down the proposals to reverse the liquidation and the de-listing of the Company's shares from the Oslo Stock Exchange, the board of directors will call for an extraordinary general meeting to finalize the liquidation of the Company. The Company's shareholders should not expect to receive any further proceeds in the event of liquidation.

In the third quarter of 2016, the Agasti Group ("Agasti") had a profit for the period of NOK -1 million, bringing profit year to date to NOK -182 million. The corresponding figures for 2015 were NOK 11 million and NOK 36 million, respectively.

A complete English version of the interim report is attached on www.newsweb.no and on Agasti's Investor Relations web pages www.agasti.no.

Contact details:
Chairman of the board – Kathryn Moore Baker, phone (+47) 905 44 557

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.