The Board of Directors in Acta Holding ASA has on the 23rd of March 2008 decided to award options according to a five year option programme, with an award of up to one million stock options in each of the years 2008, 2009 and 2010. Reference is made to the notice to the Oslo Stock Exchange on 12th of February 2008.

 

The Board of Directors is authorized by resolutions approved by the annual general meetings on the 29th of March 2007 and on the 30th of April 2008 to enter into such stock option agreements.

 

The stock option programme covers the following employees; Simen Mørdre, Christian Tunge, Geir Inge Solberg, Robert Corfield Aakre, Stein Morten Bjelland and Jostein Viken. Please see the attachement hereto for details regarding the award in 2009.

 

The Board of Directors will decide on the awards for 2010 later.

 

Each of the persons mentioned above shall on the date of award, be awarded the number of stock options attached hereto. The date of award is 23rd of March 2008.

 

The strike price for the options is to be 105% of the share's average price on Oslo Stock Exchange during three trading days after the fourth quarter results for 2008 were presented by the Company by notice to the Oslo Stock Exchange (based on the period 11th - 13th of February 2009). The share's average price in this period was NOK 1.97  and the strike price for the options is therefore NOK 2.07. The strike price shall however be reduced by the accumulated dividend paid in the period after the options have been awarded.

 

The stock options can be exercised as follows:

 

* with 50% in the period of four weeks (28 days) after the results of the fourth quarter, first quarter, second quarter and third quarter, two calendar  years after the stock options have been awarded, are presented by the Company by notice to the Oslo Stock Exchange,

 

* and with 50% in the period of four weeks (28 days) after the results of the fourth quarter, first quarter, second quarter and third quarter, three calendar years after the stock options have been awarded, are presented by the Company by notice to the Oslo Stock Exchange.

 

The number of stock options that are awarded in 2009 is 700,000. The total number of outstanding stock options after this is 1,150,000.

 

Contact information:

Jo-Inge Fisketjøn, Head of IR

Dir +47 21 00 33 49 - Mob +47 924 54 834