Lysaker, Norway, February 15^th 2010) In accordance with the Power of Attorney given at the general meeting on 25 March 2009, the Board of Navamedic ASA has allocated 50,000 share options to key personnel in the company.  

The share options have a term of 2.5 to 3 years. Strike price for the share options is set to be equal to closing price of February 12^th 2010, NOK 7.31. 

The share options were allocated to the company's CEO Olof Milveden. After the allocation, Olof Milveden holds 19,000 shares and 150,000 share options in Navamedic.

 

For further information, please contact:

 

Torbjørn Sannerstedt, CFO

E-mail: torbjorn.sannerstedt@navamedic.com

Office: +46 31 33 51 190

Mobile: +46 70 86 62 255

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