Share issue - employees buys shares

According to the Power of Attorney given by the General
Meeting 12.05.2016, the Board of Directors in AF Gruppen ASA
(AFG) today has decided to perform a share issue of
3,253,346 shares as a private placement to employees at the
company in order to exercise all outstanding share options.
The subscription price for 2,716,956 shares will be NOK
64.60 per share, for 452,675 shares the subscription price
will be NOK 101.20 per share and for 83,715 shares the
subscription price will be NOK 129.70. The total value of
the share issue is NOK 232,183,903.10.

The share issue will increase the share capital in AF
Gruppen by NOK 162,667.30 to NOK 4,859,105.60. The total
number of shares outstanding after this share issue will be
97,182,112.

Through this share issue, 1,133 AF employees buys 3,253,346
shares in AF Gruppen ASA.

A new certificate of registration will be submitted to Oslo
Stock Exchange when it is available.