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Allocation of share options

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Lysaker, Norway, 25 August, 2011. In accordance with the Power of Attorney given at the general meeting on 14 April 2011, the Board of Navamedic ASA has allocated 12,500 share options to key personnel in the company. The share options have a term of 2.5 years. Strike price for the options is set to be equal to closing price of August 25 2011, NOK 13.50. The share options were allocated to the company's CEO Olof Milveden.

Following this transaction Mr. Milveden holds a total of 27,000 shares and 187,500 options in Navamedic ASA.

For further information, please contact:

Navamedic ASA

CFO Bjørn Lindholt

Tel: +47 930 06601

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

 

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