Mandatory notification of trade

On October 20, the following transactions took place in Atea ASA (the Company):

1. Exercise of stock options

Employees of the Atea group have exercised stock options.

In total, 12,600 stock options were exercised under the original agreements. Atea will transfer 12,600 of its own shares to fulfill the Company's obligations under these employee stock option agreements.

2. Conversion of stock options and exercise of rights

Employees of the Atea group have entered into an agreement with Atea to convert stock options into the right to receive shares in the Company of an equivalent value.

In total, 101,750 stock options with a weighted average strike price of NOK 90.35 were converted into the right to receive 27,450 Atea shares, based on the volume weighted average price of NOK 123.72 for the Atea share on October 19.

Employees of the Atea group exercised their rights to receive shares in the Company.

After withholding of income taxes, employees received rights to 14,864 shares in Atea ASA. Atea will transfer 14,864 of its own shares to fulfill the company's obligations to provide these shares.

3. Conversion of stock options and exercise of rights by primary insiders

The following primary insiders entered into an agreement with Atea to convert stock options into the right to receive shares in the Company of an equivalent value and exercised their rights to receive shares.

Steinar Sønsteby converted 50,000 stock options at a strike price of NOK 93.125 into the right to receive 12,366 shares in the Company.  After withholding of income taxes, he has obtained the right to receive 6,504 shares.

4. Transfer of rights and sale of shares

The primary insiders mentioned above transferred their rights to receive shares resulting from the conversion of options to a third party. The payment has been determined based on a selling price of NOK 119.81 per share.

5. New holding

Steinar Sønsteby holds 1,241,307 options and 125,035 shares, and 18 RSUs in the Company.
Atea ASA holds 1,307,637 of its own shares.

See details about the transactions for primary insiders on October 20 reported to Finanstilsynet enclosed.

For further information, please contact:

Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188