Notification pursuant to Section 4.3 of the Securities
Trading Act
We wish to inform you that pursuant to Section 4.3 of
the Securities Trading Act, following a number of
mandate changes with regards to various client
accounts for which GAM International Management
Limited (GIML) acted as investment adviser, the total
shares and voting rights held by GIML in North Energy
ASA has fallen from 9,935,273 to 5,839,265 shares.
This represents 4.91% of the issued share capital and
voting rights of the company (based on shares in issue
of 119,047,065) and thereby falls below the 5%
disclosure threshold.
The remaining shares are held in nominee accounts with
The Northern Trust Corporation.
Additional information:
Please note that GAM International Management Limited
is a wholly owned subsidiary of GAM (U.K.) Limited, a
wholly owned subsidiary of GAM Group AG.
GAM Holding AG is listed on the SIX Swiss Exchange and
is the ultimate parent company of GAM Group AG (100%
owned).
GAM International Management Limited exercises the
voting rights it controls independently from its
direct and indirect parent undertakings.
No affiliated entity of GAM International Management
Limited within the GAM group acts as an investment
adviser to a fund or a segregated client account which
hold shares or voting rights in North Energy ASA.