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

Press release 2017-02-10

1. Employees in the Atea Group have exercised 404,842 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 404,842 by issuing 404,842 new shares, of par value NOK 1. Following the increase the Company’s share capital is NOK 106,174,514 divided into 106,174,514 shares. The weighted average option exercise price is NOK 41.9858. 

2. Options exercised by primary insiders 9 February 2017:
Malene Carstensen has exercised 3,334 options in the Company, corresponding to 3,334 shares at the strike price of NOK 39.25.
Steinar Sønsteby has exercised 50,000 options in the Company, corresponding to 50,000 shares at the strike price of NOK 34.25.
Juha Sihvonen has exercised 33,333 options in the Company, corresponding to 33,333 shares at the strike price of NOK 59.00.
Ole Johan Fjellestad has exercised 3,333 options in the Company, corresponding to 3,333 shares at the strike price of NOK 34.25.
Aleksandr Novik has exercised 10,000 options in the Company, corresponding to 10,000 shares at the strike price of NOK 16.00 and 6,667 options in the Company, corresponding to 6,667 shares at the strike price of NOK 34.25.
Robert Giori has exercised 40,000 options in the Company, corresponding to 40,000 shares at the strike price of NOK 53.00.

3. Transfer of right
On 9 February 2017, the primary insiders mentioned below 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 when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Stock Exchange, when known.

Malene Carstensen, Steinar Sønsteby, Juha Sihvonen and Ole Johan Fjellestad.

4. New holding
After exercising options, Malene Carstensen holds 26,000 options in the Company. As of today the primary insider holds 1,900 shares in the Company.
After exercising options, Steinar Sønsteby holds 1,050,000 options in the Company. As of today the primary insider holds 2,000 shares in the Company.
After exercising options, Juha Sihvonen holds 66,667 options in the Company. As of today the primary insider holds no shares in the Company.
After exercising options, Ole Johan Fjellestad holds 6,000 options in the Company. As of today the primary insider holds 2,500 shares in the Company.
After exercising options, Aleksandr Novik holds 10,000 options in the Company. As of today the primary insider holds 60,000 shares in the Company.
After exercising options, Robert Giori holds 226,667 options in the Company. Robert Giori has transferred 1,000 shares in the Company to his daughter, Christina, and as of today the primary insider including close associates hold 45,000 shares in the Company.

The payment has been determined based on a selling price of NOK 89.8755 per share.

For further information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188
Chris Sørum, Finance Manager Atea ASA, mobile +47 900 78 818

About Atea
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with 6,900 employees. Atea is present in 86 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 31 billion in 2016 and is listed on Oslo Stock Exchange. http://www.atea.com

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