Notification of trade
In accordance with Noreco's option scheme approved by the extraordinary general meeting held 14 January 2008 and the ordinary general meeting held 25 April 2008, the board of directors has decided to issue employee share options.
A total of 3 553 664 options have been issued, each with a strike price of NOK 11,01 per share. The options may be exercised during a period from 3 to 5 years from the date of grant.
The following primary insiders have received share options
Birte N Borrevik - 126 808 - 314 422
Stig Frøysland - 122 885 - 219 904
Einar Gjelsvik - 96 494 - 213 318
Malin E Flor Helgesen - 30 884 - 88 733
Scott Kerr - 230 971 - 2 000 995
Rune Martinsen - 135 865 - 868 470
Jan Nagell - 131 593 - 234 263
Thor Arne Olsen - 153 981 - 1 449 848
Søren Poulsen - 46 429 - 60 776
Synnøve Røysland - 133 747 - 189 549
Reinert Seland 126 808 - 1 312 891
For further information, please contact:
Einar Gjelsvik, director of investor relations (+47 992 83 856)