Regarding private placement 13 June 2013

Reference is made the to announcement on 13 June 2013 regarding the
completion of a private placement in Agasti Holding ASA ("Agasti" or the
"Company"). The Company has today been informed that it has been filed
an objection against registration of the private placement in the
Norwegian Register of Business Enterprises, and that it has been
submitted an injunction against the placement to Oslo Byfogdembete. The
complaint and injunction has been submitted by a group of shareholders
who based on the information received represents 21.6 % of the share
capital in the Company. The Company consider the objections to be
without merit and will respond to these as soon as possible in order to
complete the private placement as planned.

The same shareholder group has the last days communicated erroneous
information concerning the process and that there are no independent
valuations. This is correct. The process has been thorough, and includes
at least five board meetings and two external independent assessments of
value/exchange ratios and fairness opinion - both from Jon Gunnar
Pedersen in Arctic Securities and the audit firm Kjelstrup & Wiggen
Consulting. It is unfortunate and lamentable that such erroneous
information is now being used by this shareholder group towards our
shareholders.

The shareholder group has asked for further information in order to
conduct their assessment of the proposed transaction. Agasti will well
in advance of the Annual General Meeting provide thorough and detailed
information which will also provide comprehensive answers to the
questions asked and the uncertainty which has emerged as a consequence
of the distribution of erroneous information.

Contact:

Agasti Holding's deputy CEO Jørgen Pleym Ulvness: +47 906 67 877