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Allocation of share options

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(Lysaker, 4 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 20,000 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 4 2011, NOK 11.00. The options were allocated to the company's CFO Bjørn Lindholt. Following this transaction Lindholt and close associates holds a total of 34,000 shares and 50,000 options in Navamedic ASA.

For further information, please contact:
Navamedic ASA
CFO Bjørn Lindholt
Tel: +47 93006601

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

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