Nekkar ASA: Share options exercised by primary insider

On 12 September 2019, Rolf-Atle Tomassen, Executive Vice President exercised
150.000 options (each giving the right to one share in Nekkar ASA) at a strike
price of NOK 3,43 per share.

In order to settle its obligations to deliver the shares, Nekkar ASA has
initiated an increase in the share capital. Following the transaction, the new
number of shares in Nekkar ASA will be 105.620.078.

Following the transaction Rolf-Atle Tomassen and related parties will hold
170.000 shares in Nekkar ASA.

The total number of issued options under the employee option program in Nekkar
ASA, post the above reported transactions, are 150.000, of which 150.000 may be
exercised by Björn Rosén.  As of ex date for cash dividend proposed for the
extraordinary general meeting 19 September, strike price for remaining options
will be reduced from NOK 3,43 to NOK 1,30. These options are valid until 31 May
2020.

Bergen, 13 September 2019

Nekkar ASA

www.nekkar.com (http://www.nekkar.com)

Contact person:

Toril Eidesvik CEO

M: +47 900 78 218


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