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Exercise of employee share options in Atea ASA ("the Company")

Press release 2019-05-06

1. Employees in the Atea Group have exercised 306,251 options.
Following the share option exercise the Board of Directors, pursuant to authorisation granted by the Company's Annual General Meeting, has decided to increase the Company's share capital by NOK 306,251 by issuing 306,251 new shares, of par value NOK 1. Following the increase, the Company's share capital is NOK 109,420,389 divided into 109,420,389 shares. The weighted average option exercise price is NOK 52.36.

2. Options exercised by primary insiders 6 May 2019:
August Baumann has exercised 70,000 options in the Company, corresponding to 70,000 shares at the strike price of NOK 84.74.

Göran Frislund has exercised 1,000 options in the Company, corresponding to 1,000 shares at the strike price of NOK 42.00.

Michael Jacobs has exercised 100,000 options in the Company, corresponding to 100,000 shares at the strike price of NOK 50.25.

Ole Johan Fjellestad has exercised 3,000 options in the Company, corresponding to 3,000 shares at the strike price of NOK 42.00.

Steinar Sønsteby has exercised 50,000 options in the Company, corresponding to 50,000 shares at the strike price of NOK 22.25.

3. Transfer of right
The primary insiders mentioned above, except Ole Johan Fjellestad transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party in the market. The results of the sales process will be announced in a separate stock exchange notice when known.

4. New holding
After exercising options, August Baumann holds 210,000 options and 2,200 shares in the Company.

After exercising options, Göran Frislund holds 9,000 options and 120 shares in the Company.

After exercising options, Michael Jacobs holds 200,000 options and 0 shares in the Company.

After exercising options, Ole Johan Fjellestad holds 0 options and 5,500 shares in the Company.

After exercising options, Steinar Sønsteby holds 1,405,000 options and 2,000 shares in the Company.

For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188

About Atea 
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with more than 7,300 employees. Atea is present in 87 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 35 billion in 2018 and is listed on Oslo Stock Exchange. www.atea.com   

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