Mandatory notification of trade

Bouvet ASA has on November 9th 2015 awarded 66704
bonus shares to the participants in the share
incentive program for 2013. The bonus shares are
free of charge.

After this transaction Bouvet ASA holds 31581 own
shares. The transactions are carried out as a part
of the established share incentive program for the
employees. Primary insiders of the company were
granted 2816 bonus shares.

Axel Borge was granted 352 shares. As of today Axel
Borge holds 4041 shares in the company.

Bjarte Gudmundsen was granted 352 shares in the
company. As of today Bjarte Gudmundsen holds 9621
shares in the company.

Anne Hasselgreen was granted 352 shares in the
company. As of today Anne Hasselgreen holds 17938
shares in the company.

Arne Hermansen was granted 352 shares. As of today
Arne Hermansen holds 15312 shares in the company.

Sverre Hurum was granted 352 shares. As of today
Sverre Hurum holds 507252 shares in the company.

Torgeir Nilsen was granted 352 shares in the company.
As of today Torgeir Nilsen holds 18689 shares in the
company.

Erik Stubø was granted 352 shares. As of today
Erik Stubø holds 236752 shares in the company.

Eirik Vefsnmo was granted 352 shares. As of today
Eirik Vefsnmo holds 55252 shares in the company.