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STOCK OPTION PROGRAMME

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The Board of Directors in Acta Holding ASA has on the 11th of February 2008 decided to implement an option programme for a selected group of individuals in Acta's top management with a framework of awarding a maximum of three million stock options, with one option basically entitling the holder to one share. The programme will have a duration of five years, with an award of up to one million stock options in each of the years 2008, 2009 and 2010.
 
The Board of Directors is authorized by a resolution approved by the annual general meeting on the 29th of March 2007 to enter into such stock option agreements.
 
The stock option programme covers the following employees; Simen Mørdre, Christian Tunge,  Geir Inge Solberg, Jan Karlsson, Robert Corfield Aakre, Stein Morten Bjelland and Jostein Viken.
 
For the year 2008 the following stock options have been awarded:
 
                                   No. of stock options             Total options                      Shares held
 
Simen Mørdre                           250 000                        250 000                                95 000
Christian Tunge                         150 000                        150 000                                10 000
Geir Inge Solberg                      150 000                        150 000                              210 000
Jan Karlsson                              150 000                        150 000                              180 000
Robert Corfield Aakre                  50 000                          50 000                              235 000
Stein Morten Bjelland                 50 000                          50 000                              200 000
Jostein Viken                               50 000                          50 000                              324 326
Issued,
to be awarded later                   150 000
 
The Board of Directors will decide on the awards for 2009 and 2010 later.
 
Each of the persons mentioned above shall on the date of award, be awarded the number of stock options stated above. The date of award is three calendar days after the company has presented the fourth quarter results for the prior year by notice to the Oslo Stock Exchange. 
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 the prior year are presented by the Company by notice to the Oslo Stock Exchange. 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 is 850,000. The total number of outstanding stock options after this is 1,000,000.