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

1. Out of a total of 741,153 exercisable options, employees in the Atea Group have exercised 321,161 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 the Company's holding of treasury shares, totalling 73,601 shares, and increase the Company's share capital by NOK 2,475,600 by issuing 247,560 new shares, of par value NOK 10. Following the increase the Company's share capital is NOK 1,044,157,240 divided into 104,415,724 shares. The weighted average option exercise price is NOK 45.58.

2. Options exercised by primary insiders 6 February 2015:
Carl-Johan Hultenheim has exercised 66,667 options in the Company, corresponding to 66 667 shares at the strike price of NOK 49.60.
Anders Brix has exercised 20,000 options in the Company, corresponding to 16,666 shares at the strike price of NOK 47.25 and 3,334 shares at the strike price of NOK 57.25.
Chris Sørum has exercised 3,334 options in the Company, corresponding to 3,334 shares at the strike price of NOK 57.25.

3. Transfer of right
On 6 February 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.
Carl-Johan Hultenheim
Anders Brix
Chris Sørum

4. New holding
After exercising options, Carl-Johan Hultenheim holds 0 options in the Company. As of today the primary insider holds 7,000 shares in the Company.
After exercising options, Anders Brix holds 33,334 options in the Company. As of today the primary insider holds 1,000 shares in the Company.
After exercising options, Chris Sørum holds 6,667 options in the Company. As of today the primary insider holds 0 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 6,500 employees. Atea is present in 85 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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