CONVERSION OF SHARES
Five of our bondholders in FOE 03 06/09 have todayconverted NOK 47.800.000,- into 702.939 new sharesat NOK 68,-. The new share capital afterconversion will be NOK 1.333.862.540,00 dividedinto 66.693.127 shares at par value NOK 20,-.Correspondingly the nominal value of theConvertible bond will be reduced to NOK 265.000,-.