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The Board of Atea ASA proposes extraordinary dividend of NOK 4.00 per share in 2013 and semi-annual dividend payment going forward

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On the basis of Atea's strong cash flow performance, deleveraged balance sheet and in order to create maximum value for its shareholders, the Board of Atea ASA proposes to pay an extraordinary dividend of NOK 4.00 in November 2013 following an extraordinary general assembly.

Going forward the Board of Atea ASA also proposes to the general assembly to pay out ordinary dividend on an interim basis in May and November. The existing dividend policy of distributing 70-100 per cent of the annual cash flow from operations after capex will remain in force.

As previously announced, Atea conducted a review of its financing structure during Q2 2013. Based on the conclusion of this review, Atea raised long term debt through a DKK 500 million, 5-year non-amortizing bank loan and issued a total of NOK 300 million of senior unsecured bonds with 5-year maturity in the Norwegian bond market. These recent amendments in capital structure provide Atea with the necessary predictability, and together with the remaining short- term facilities create a robust and flexible financial platform going forward.

The IT infrastructure market in the Nordics will continue to consolidate in the future. Atea has the will and the financial strength to continue leading this consolidation. Strengthening of Atea's business through M&A is an integrated part of the company's strategy.

For further information, please contact:
Claus Hougesen, CEO Atea ASA, mobile +45 3078 1200
Rune Falstad, CFO Atea ASA, mobile +47 906 14 482

   
About Atea
Atea is the leading Nordic and Baltic supplier of IT infrastructure with approximately 6,500 employees. Atea is present in 82 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 21 billion in 2012 and is listed on Oslo Stock Exchange.
www.atea.com

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