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

1. Out of a total of 1,338,978 exercisable options, employees in the Atea Group have exercised 754,987 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 7,549,870 by issuing 754,987 new shares, of par value NOK 10. Following the increase the Company's share capital is NOK 1,051,707,110 divided into 105,170,711 shares. The weighted average option exercise price is NOK 44.5077.

2. Options exercised by primary insiders 24 April 2015:
Morten Felding has exercised 66,666 options in the Company, corresponding to 66 666 shares at the strike price of NOK 49.50.
Anders Brix has exercised 16,667 options in the Company, corresponding to 16,667 shares at the strike price of NOK 44.00.
Ole Johan Fjellestad has exercised 3,333 options in the Company, corresponding to 3,333 shares at the strike price of NOK 44.00.
Chris Sørum has exercised 3,333 options in the Company, corresponding to 3,333 shares at the strike price of NOK 44.00.
Arunas Bartusevicius has exercised 33,333 options in the Company, corresponding to 33,333 shares at the strike price of NOK 44.00.

3. Transfer of rights
On 24 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
Morten Felding
Anders Brix
Ole Johan Fjellestad
Chris Sørum
Arunas Bartusevicius

4. New holding
After exercising options, Morten Felding holds 133,334 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Anders Brix holds 16,667 options in the Company. As of today the primary insider holds 1,000 shares in the Company.
After exercising options, Ole Johan Fjellestad holds 3,334 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Chris Sørum holds 3,334 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Arunas Bartusevicius holds 33,334 options in the Company. As of today the primary insider holds 39,686 shares in the Company.

The payment was determined based on a selling price of NOK 86.9551 per share.

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 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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