Annual general meeting held in ODIM ASA

(Hareid, 25 May 2009) The ordinary general meeting in ODIM ASA resolved on 25 May 2009 to adopt the annual report and accounts for ODIM ASA and the group for 2008, as proposed by the board of directors.

The proposal for the allocation of net income, including distribution of a total dividend of NOK 2.00 per share was also adopted. The dividend applies to those who were shareholders on 25 May 2009 with expected payment 9 June 2009. ODIM AS shares listed will be traded ex dividend as of 26 May 2009. The ordinary general meeting approved the board's declaration on remuneration for top management. It also approved the compensation to the board and the company's auditor. The ordinary general meeting also authorized the board to repurchase own shares and authorized the board to increase the company’s share capital. The ordinary general meeting approved amendment of the articles of Association with a new Section 6: ”The Company shall have a Nomination Committee consisting of 3 members. Members of the Nomination Committee shall be subjected to election by the General Meeting, including its leader. Members of the Nomination Committee are elected for a period of 2 years.” Please find the complete minutes of the ordinary general meeting enclosed.