Primary insider CSO Agnete B. Fredriksen has exercised a total of 247,500
warrants with expiry date of December 31, 2020. The 247,500 shares have been
subscribed for at a strike price of NOK 0.80 per share.<br />
<br />
Dr. Fredriksen has today sold the same number of shares, 247,500 shares. The
shares are borrowed from Datum AS. The shares are borrowed and sold to the
market price of NOK 67,00/shares. Following the exercise of warrants CSO Agnete
B. Fredriksen holds 4,164,900 warrants.<br />
<br />
The 247,500 shares have been bought by the following primary insiders at NOK
67,00/shares:<br />
<br />
		         # shares	<br />
Datum AS		   82,500 <br />
Rasmussengruppen AS  	   82,500 <br />
Caaby AS		    8,250 <br />
Christiania Skibs AS*	   74,250 <br />
Total	                  247,500<br />
<br />
*Andenæsgruppen <br />
<br />
<br />
After the above transactions Jan Haudemann Andersen (board member) holds
40,133,800 shares (including 7,505,000 shares through Datum AS),
Rasmussengruppen represented by Trygve Lauvdal (board member) holds 24,207,500
shares and Christian Åbyholm (board member) through Caaby AS holds 1,982,970
shares and 100,000 warrants and Andenaesgruppen represented by Christian Åbyholm
owns 17,754,250 shares and in addition Norda represented by Christian Åbyholm
owns 7,996,755 shares.