Regarding private placement 13 June 2013

Reference is made the to announcement on 13 June 2013 regarding the completion of a private placement in Agasti Holding ASA (“Agasti” or the "Company"). The Company has today been informed that it has been filed an objection against registration of the private placement in the Norwegian Register of Business Enterprises, and that it has been submitted an injunction against the placement to Oslo Byfogdembete. The complaint and injunction has been submitted by a group of shareholders who based on the information received represents 21.6 % of the share capital in the Company. The Company consider the objections to be without merit and will respond to these as soon as possible in order to complete the private placement as planned.

The same shareholder group has the last days communicated erroneous information concerning the process and that there are no independent valuations. This is correct. The process has been thorough, and includes at least five board meetings and two external independent assessments of value/exchange ratios and fairness opinion – both from Jon Gunnar Pedersen in Arctic Securities and the audit firm Kjelstrup & Wiggen Consulting. It is unfortunate and lamentable that such erroneous information is now being used by this shareholder group towards our shareholders.

The shareholder group has asked for further information in order to conduct their assessment of the proposed transaction. Agasti will well in advance of the Annual General Meeting provide thorough and detailed information which will also provide comprehensive answers to the questions asked and the uncertainty which has emerged as a consequence of the distribution of erroneous information.

Contact:

Agasti Holding's deputy CEO Jørgen Pleym Ulvness: +47 906 67 877