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

Press release 2018-07-23

On Monday, July 23, 2018, Michael Jacobs exercised 100,000 options in Atea ASA at a strike price of NOK 56.75. Michael Jacobs is Managing Director of Atea Norway and is a primary insider in Atea ASA. After exercising options, Michael Jacobs holds 350,000 options in Atea.

Under the options contract, Atea ASA has the right to settle an options exercise in cash rather than issue new shares in Atea ASA. If the company chooses the cash settlement, the settlement price for each option is equal to the “volume weighted average official market price of the shares in the three trading days prior to the exercise of the options, less the strike price”.

Atea ASA has determined to settle the options exercise in cash rather than issue new shares. The volume weighted average official market price of the shares in the three trading days prior to the exercise of the options was NOK 109.03.

For further information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188

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