Mandatory notification of trade

Bouvet ASA has on November 14th 2016 awarded 76284 bonus
shares to the participants in the share incentive program
for 2014. The bonus shares are free of charge.

After this transaction, Bouvet ASA holds 98682 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 2688 bonus
shares.

Axel Borge was granted 384 shares. As of today, Axel Borge
holds 4662 shares in the
company.

Anne Hasselgreen was granted 384 shares in the company. As
of today, Anne Hasselgreen holds 18559 shares in the
company.

Arne Hermansen was granted 384 shares. As of today, Arne
Hermansen holds 15933 shares in the company.

Sverre Hurum was granted 384 shares. As of today, Sverre
Hurum holds 507873 shares in the company.

Torgeir Nilsen was granted 384 shares in the company. As of
today, Torgeir Nilsen holds 20310 shares in the company.

Erik Stubø was granted 384 shares. As of today, Erik Stubø
holds 237373 shares in the company.

Eirik Vefsnmo was granted 384 shares. As of today, Eirik
Vefsnmo holds 55873 shares in the company.