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Discussions regarding a potential offer for the shares in Atea ASA

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On the basis of certain media enquiries, Atea ASA (the "Company") confirms that certain shareholders and the Board of Directors of the Company are currently in discussions with an international reputable private equity fund regarding a potential recommended offer for the shares in the Company following a strategic review initiated by the Company . The Company's largest shareholder, Systemintegration ApS, is negotiating to sell all its shares at a price of NOK 65 per share, subject to completion of a recommended public voluntary tender offer for all other shares of the Company of NOK 70 per share. The Board of Directors of the Company has concluded that it will recommend the potential offer with an offer price of NOK 70 per share.

The potential bidder has set as a condition to launch a public voluntary offer that a sufficient level of pre-acceptances is reached at an offer price of NOK 70 per share. Certain other significant shareholders have already [committed/concluded] to support the potential offer, and the potential bidder will continue seeking support from additional shareholders to reach the required pre-acceptance level.

The discussions are not yet concluded and no agreement has been reached. There can be no certainty that the discussions will lead to an offer for the shares. Further announcements will be made when appropriate. The Board of Directors has engaged SEB Enskilda as its financial adviser related to the potential offer.

For further information, please contact:
Claus Hougesen, CEO Atea ASA, Mobile +45 3078 120

   
About Atea
Atea is the leading Nordic and Baltic supplier of IT infrastructure with more than 6,000 employees. Atea is present in 81 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assist its customers with specialist competencies within IT infrastructure services. Atea had revenue of more than NOK 20 billion in 2011 and is listed on Oslo Stock Exchange.
www.atea.com

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