Long term option program for all Acta Group employees

The Board of Directors in Acta Holding ASA has on the 27th of October decided to implement an option program for all employees in the Acta Group. The option program has a framework of 5.5 million stock options for each of the years 2009, 2010 and 2011, with one option entitling the holder to one share. This program is a part of an employee incentive program in Acta which will both contribute to create excellent results and help to attract new employees as well as to hold on to existing employees. There will not be made additional awards in the option program which was announced in the stock exchange notice of 12th February 2008.
 
The Board of Directors is authorized by resolution approved by the annual general meeting on the 6th of May 2009 to enter into such stock option agreements on terms as stated in the resolution.
 
Each employee shall be awarded options on the date of award, which is 28th of October. The strike price for the options awarded on the 28th of October 2009 shall be 105% of the Acta share's closing price on the Oslo Stock Exchange on the 28th of October 2009. The strike price shall however be reduced by the accumulated dividend paid in the period after the options have been awarded.
 
The stock options awarded on the 28th of October 2009 can be exercised in a period of four weeks (28 days) after the interim results of the third quarter in 2011 have been presented by the company by notice to the Oslo Stock Exchange. Employees will have a lock-in period of one year on stocks that are acquired under the option program.
 
A total of 4.067 million stock options will be awarded to 260 employees on the 28th of October 2009. The remaining options within the framework for the 2009 award will be awarded after the interim results for the fourth quarter in 2009 have been presented by the company by notice to the Oslo Stock Exchange.  The total number of outstanding stock options after the allocation on 28th of October 2009 is 4.667 million.
 

Please see the attachment hereto for details regarding the allocations to company insiders.
 
 
Contact information:
Chairman Alfred Ydstebø, mobile phone +47 908 32 828

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Agasti Holding ASA is a listed company without any operational activity or employees. The company is in liquidation.

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