Award of stock options according to long term option program

The Board of Directors in Acta Holding ASA has in a board meeting on the 15th of February 2011 awarded stock options for the year 2011 in accordance with an option program for all employees in Acta within a framework of 5.5 million stock options for each of the years 2009, 2010 and 2011. Reference is made to the notices to Oslo Stock Exchange on 28th of October 2009, 17th of February 2010, 19th of August 2010 and 28th of October 2010.

The Board of Directors is authorized by resolution approved by the annual general meeting on the 11th of May 2010 to enter into such stock option agreements on terms as stated in the resolution.

A total of 4.102 million stock options will be awarded to 284 employees on the 16th of February 2011. The remaining options within the framework for the 2011 award will be awarded on the dates the interim results for 2011 have been presented by the company by notices to the Oslo Stock Exchange.  The total number of outstanding stock options after the allocation on 16th of February 2011 is 13.454 million.

The strike price for the options awarded for the year 2011 shall be 105% of the Acta share's closing price on the Oslo Stock Exchange on the date of the award. The strike price shall however be reduced by the accumulated dividend paid in the period after the options have been awarded.

Stock options awarded to company insiders and specific groups (in total 2.980 million stock options) on the 16th of February 2011 can be exercised with 1/3 in a period of three (3) days after the interim results of the fourth quarter in 2011 have been presented by the company by notice to the Oslo Stock Exchange, with 1/3 in a period of three (3) days after the interim results of the fourth quarter in 2012 have been presented by the company by notice to the Oslo Stock Exchange, and with 1/3 in a period of three (3) days after the interim results of the fourth quarter in 2013 have been presented by the company by notice to the Oslo Stock Exchange. Stock options awarded to remaining employees on the 16th of February 2011 can be exercised with 100 % in a period of three (3) days after the interim results of the fourth quarter in 2012 have been presented by the company by notice to the Oslo Stock Exchange.

Please see the attachment hereto for details regarding the allocations to company insiders.

Contact information:

Chairman Alfred Ydstebø, mobile phone +47 908 32 828