Reference is made to announcement of private placement on June 6, 2008 and info on ex date for repair issue on June 10, 2008.
The repair issue will be directed towards shareholders that were not given the opportunity to participate in the private placement on June 6 (`eligible shareholders`) based on number of shares held on June 9. Through the repair issue, eligible shareholders will get an opportunity to recoup dilution resulting from the private placement.
Based on the number of shares held by eligible shareholders, a maximum of 2.9 million shares will be issued in the repair issue.
The issue price will be NOK 2.30 per share.
In the repair issue, over-subscription will be allowed and non-eligible shareholders may apply for unallocated shares.
An offering prospectus will be filed with the Oslo Stock Exchange as soon as possible. The repair issue is subject to approval in an extraordinary shareholders meeting to be called subsequent to approval of offering prospectus.
For further info, contact
Tim Miller, CEO, +1 508 740 5949
Alex Gundersen, CFO, +47 41 47 41 07