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Allocation of share options

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Lysaker, Norway, 15 July, 2011. In accordance with the Power of Attorney given at the general meeting on 14 April 2011, the Board of Navamedic ASA has allocated 30,000 share options to key personnel in the company. The share options have a term of 2.5 years. Strike price for the share options is NOK 9.50. The share options were allocated to the company's Head of Regulatory Affairs Mr. Per-Anders Elvertrø.

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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