Mandatory notification of trade by primary insider

Øivind Horpestad, chairman of the board and CEO in ELOP AS, has through the company Gimle Invest AS, on March 4th bought a total of 150,000 shares in ELOP AS at an average price of NOK 2.535 pr share. Following the transaction Øivind Horpestad and related parties control 9,016,734 shares in ELOP AS.

For further information, please contact:
Øivind Horpestad, CEO and chairman, tel: +47 910 00 626
Kim Boman, CFO, tel: +47 959 63 912

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act