Reference is made to the stock exchange announcement
made earlier today regarding the final result and
allocation in the subsequent offering in NEL ASA
(the "Company"). Primary insiders in the Company have
today been allocated shares in connection with the
subsequent offering as follows:
ELMO Holding AS, a company controlled by Lars Markus
Solheim, Erik Evju, Ole Arnt Lindgren and Magne
Myrhaug, all employees of NEL ASA, have been
allocated 2,615,385 shares. ELMO Holding AS has
following this a shareholding of 62,000,000 in the
Company.
Ann Marie Gohli Russel, member of the Board, has been
allocated 50,000 shares. Ann Marie Gohli Russel has
following this a shareholding of 376,923 in the
Company.
Bjørn Simonsen, Director - Market Development and
Public Relations, has been allocated 325 000 shares
through the company Simonsen Invest AS. Bjørn
Simonsen has following this a shareholding of
1,665,769 in the Company through Simonsen Invest AS.
All shares were allocated at the subscription price
in the subsequent offering, being NOK 1.35.
This information is subject to the disclosure
requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.