Exercise of employee share options in Atea ASA ("the Company")

1. Employees in the Atea Group have exercised 100,521 options. Following the share option exercise the Board of Directors, pursuant to authorisation granted by the Company's Annual General Meeting, has decided to sell 100,521 of the Company's holding of treasury shares.

2. Options exercised by primary insiders 22 October 2015:
Aleksandr Novik has exercised 6,667 options in the Company, corresponding to 6 667 shares at the strike price of NOK 40.75.
Göran Frislund has exercised 500 options in the Company, corresponding to 500 shares at the strike price of NOK 40.75.

3. Transfer of rights
On 22 October 2015, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Stock Exchange, when known.
Göran Frislund

4. New holding
After exercising options, Aleksandr Novik holds 36,667 options in the Company. As of today the primary insider holds 33,333 shares in the Company.
After exercising options, Göran Frislund holds 9,500 options in the Company. As of today the primary insider holds 120 shares in the Company.

For further information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188
Chris Sørum, Group Finance Manager, mobile +47 900 78 818

   
About Atea
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with 6,800 employees. Atea is present in 90 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 25 billion in 2014 and is listed on Oslo Stock Exchange.
www.atea.com

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