Disclosure of large shareholding and mandatory notification of trade Diagenic ASA

Reference is made to the notice from Diagenic ASA 9
October 2014.

Fenel AS, a company controlled by Mr. Øystein Stray
Spetalen, board member of Diagenic ASA, will receive
61 538 462 consideration shares at NOK 0.65 per share.

Strata Marine & Offshore AS, a company controlled by
Mr. Øystein Stray Spetalen, board member of Diagenic
ASA, has on 9 October 2014 been allocated 6 769 231
shares at NOK 0.65 per share in the private placement.

After the transaction Øystein Stray Spetalen and
associated companies have a holding of 79 264 535
shares in Diagenic ASA, representing 27.8% (based on
285 082 950 outstanding shares).