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

1. Out of a total of 573,115 exercisable options, employees in the Atea Group have exercised 201,629 options. Following the share option exercise the Board of Directors, pursuant to authorisation granted by the Company's Annual General Meeting, has decided to increase the Company's share capital by NOK 2,016,290 by issuing 201,629 new shares, of par value NOK 10. Following the increase the Company's share capital is NOK 1,041,681,640 divided into 104,168,164 shares. The weighted average option exercise price is NOK 48.88.

2. Options exercised by primary insiders 23 October 2014:
Dag Fodstad has exercised a total of 63,333 options in the Company, corresponding to 63,333 shares at the strike price of NOK 50.50.

3. Transfer of right
On 23 October 2014 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.
Dag Fodstad

4. New holding
After exercising options, Dag Fodstad holds 63,334 options in the Company. As of today the primary insider holds 9,000 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 in the Nordic and Baltic regions with approximately 6,500 employees. Atea is present in 84 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 more than NOK 22 billion in 2013 and is listed on Oslo Stock Exchange.
www.atea.com

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