Disclosure of shareholdings

Tenold Gruppen AS has today entered into an agreement with Coil Investment Group AS ("Coil") to purchase 14,000,000 shares in Agasti Holding ASA ("Agasti" or the "Company"). The agreement is entered into at a price of NOK 2.35 per share, minus the dividend that is expected to be distributed following the transaction with Blackstone Real Estate Partners Europe IV ("Blackstone") announced today. The share purchase agreement is conditional upon the transaction with Blackstone being completed and the substantial part of the consideration from Blackstone being distributed as dividends to the shareholders in Agasti within 30 November 2015. Settlement of the share purchase agreement will take place within seven business days after payment of the dividends.

Following completion of the share purchase agreement, Tenold Gruppen AS will own 44,845,106 shares in Agasti, corresponding to an aggregate ownership of approximately 15.24, above the 15% disclosure threshold. Tenold Gruppen Holding AS owns directly 3,891 shares in Agasti, and in total Tenold Gruppen Holding AS and its wholly owned subsidiary Tenold Gruppen AS will own 44,848,997 shares in Agasti, corresponding to approximately 15.24 % of the share capital in the Company. Following completion of the share purchase agreement, Coil will own 13,436,755 shares in Agasti, corresponding to an aggregate ownership of approximately 4.57%, below the 5% disclosure threshold. 

This information is subject of the disclosure requirements pursuant to section 4-3 and section 5-12 of the Norwegian Securities Trading Act.