AF Gruppen

Share Issue/Capital Change • Oct 16, 2018

Share issue and sale of shares

Share issue and sale of shares

The Board of Directors of AF Gruppen ASA (AFG) has decided to go through with the Company's share purchase program for employees.

534 employees have subscribed a total of 1,000,000 shares. The shares are subscribed at a price of NOK 101.60 per share, which corresponds to a 20 per cent discount compared to the average market price during the subscription period.

In connection with this, the Board has decided to sell 141,544 of the Company's own shares. The Company's holding of own shares after this transaction will be 0 shares.

The Board has also decided to issue 858,456 shares towards Company employees, in accordance with the Power of Attorney given by the General Assembly 9 May 2018.

The Company's share capital will increase by NOK 42,922.80 after the issue of 858,456 shares with a nominal value of NOK 0.05 per share. When the share issue is completed, the number of shares in AF Gruppen ASA will be 98,819,456. New share capital in AF Gruppen ASA will be NOK 4,940,972.80.

The sale and issue of shares is expected to be completed by October 31st, 2018.

A new certificate of registration will be submitted to Oslo Stock Exchange when it is available.