Exercise of employee share options

1. Participants in the Company’s share option program have on July 4th 2014 exercised a total number of 83.650 options, of which 42 500 options were settled in cash.

Following the share option exercise, the Board of Directors, pursuant to authorization granted by the company`s Annual General Meeting, has resolved to increase the Company`s share capital by NOK 823 by issuing 41 150 new shares, of par value NOK 0,02. Following the increase the Company`s share capital is NOK 2,852,544.76 divided into 142 627 238 shares.

2. Options exercised by primary insiders July 4th 2014:

Audun Wickstrand Iversen has exercised 12 500 options in the Company, corresponding to 12 500 shares at the strike price of NOK 22.14. The options were settled in cash and the payment has been determined based on a selling price of NOK 80.45 per share.

 
3. New holding

After exercising options, Audun Wickstrand Iversen holds 17 500 unexercised options in the Company, corresponding to 17 500 shares at the strike price of NOK 21.90. As of today the primary insider holds holds 25,000 shares in the company through Naben, 100% owned by Iversen.

​Petter Lade, Investor Relations 

Tel: +47 2369 2400 

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