Request for extraordinary general meeting in ODIM ASA

(Hareid - 3 November 2009): ODIM has today received a letter from a group of shareholders. With reference to the Norwegian Public Limited Liability Companies Act Section 5-7 (2) the group requests for an extraordinary general meeting with the aim of electing a new board of directors in ODIM ASA.

The two shareholders (Verdipapirfondet Handelsbanken Norge and Sabaro Investments Ltd.) are represented by Frode Aschim. The two shareholders represent 5.4 per cent of the total share capital in ODIM ASA. However, this request and proposed resolution is supported by several larger shareholders representing around 30 per cent of total share capital in ODIM ASA. The letter from the group of shareholders is enclosed.