Partner share transactions / Issuing of new shares

Mai 9th 2012


With references to our press releases March 12th 2009
and June 3rd 2011 ABGSC will issue 1,872,000 new
shares at a price of NOK 1.73 per share and 162,500
new shares at a price of NOK 5.52 per share. The
previously agreed prices of NOK 3.84 and NOK 5.72 per
share have been adjusted for dividends/payments to
shareholders and earlier settlement of the forward
contract.

Total proceed for the 2,034,500 shares issued is NOK
4,135,560.

Following the transactions above the company will
have a total of 422,765,195 shares outstanding. The
company owns 316,625 treasury shares. The company has
forward contracts with partners for total of
59,463,871 with settlement in 2012 - 2015. ABGSC has
authorization to re-purchase its shares in the market
or to issue new shares.

As a part of the transaction Tore Grøttum will
purchase 100,000 shares at NOK 1.73 per share. The
previously agreed price of NOK 3.84 has been adjusted
for dividends/payments to shareholders and earlier
settlement of the forward contract. Following the
transaction Tore Grøttum owns 1,150,000 shares and no
shares on forward contracts.

As a part of the transaction Mikael Hansson will
purchase 25,000 shares at NOK 1.73 per share. The
previously agreed price of NOK 3.84 has been adjusted
for dividends/payments to shareholders and earlier
settlement of the forward contract. Following the
transaction Mikael Hansson's total holding incl.
forward contracts is unchanged at 65,000 shares.



Contacts:
Tore Grøttum, CFO +47 22 01 60 00