Atea ASA: Mandatory notification of trade

On February 10, the following transactions took place in Atea ASA (the Company):

1. Exercise of stock options

Employees of the Atea group have exercised stock options.

In total, 4,833 stock options were exercised under the original agreements. Atea will transfer 4,833 of its own shares to fulfill the Company's obligations under these employee stock option agreements.

2. Conversion of stock options and exercise of rights

Employees of the Atea group have entered into an agreement with Atea to convert stock options into the right to receive shares in the Company of an equivalent value.

In total, 942,500 stock options with a weighted average strike price of NOK 93.21 were converted into the right to receive 204,528 Atea shares, based on the volume weighted average price of NOK 119.04 for the Atea share on February 9.

Employees of the Atea group exercised their rights to receive shares in the Company.

After withholding of income taxes, employees received rights to 122,646 shares in Atea ASA. Atea will transfer 122,646 of its own shares to fulfill the company's obligations to provide these shares.

3. Conversion of stock options and exercise of rights by primary insiders

The following primary insiders entered into an agreement with Atea to convert stock options into the right to receive shares in the Company of an equivalent value and exercised their rights to receive shares.

Arunas Bartusevicius converted 140,000 stock options at a strike price of NOK 91.38 into the right to receive 32,536 shares in the Company.  After withholding of income taxes, he has obtained the right to receive 19,685 shares.

Kathrine Forsberg converted 12,000 stock options at a strike price of NOK 96.25 into the right to receive 2,297 shares in the Company.  Atea does not withhold income tax on this transaction in Denmark, and Kathrine Forsberg obtained the right to receive 2,297 shares.

Carl-Johan Hultenheim converted 125,000 stock options at a strike price of NOK 86.50 into the right to receive 34,169 shares in the Company.  After withholding of income taxes, he has obtained the right to receive 14,693 shares.

Juha Sihvonen converted 40,000 stock options at a strike price of NOK 96.25 into the right to receive 7,658 shares in the Company.  After withholding of income taxes, he has obtained the right to receive 4,135 shares.

Linus Wallin converted 30,000 stock options at a strike price of NOK 91.38 into the right to receive 6,972 shares in the Company.  After withholding of income taxes, he has obtained the right to receive 2,998 shares.

4. Transfer of rights and sale of shares

The primary insiders mentioned above transferred their rights to receive shares resulting from the conversion of options to a third party. The payment has been determined based on a selling price of NOK 118.27 per share.

5. New holding

Following the completion of the above transactions:

Arunas Bartusevicius holds 210,000 options and 100,194 shares in the Company.

Kathrine Forsberg holds 210,000 options in the Company.

Carl-Johan Hultenheim holds 550,000 options and 14,000 shares in the Company.

Juha Sihvonen holds 330,000 options in the Company.

Linus Wallin holds 185,000 options in the Company.

Atea ASA holds 1,650,819 of its own shares.

See details about the transactions for primary insiders on 10 February reported to Finanstilsynet enclosed.

For further information, please contact:

Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655

Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188