Nordic Semiconductor

Share Issue/Capital Change • Apr 11, 2014

Exercise of employee share options

Exercise of employee share options

Following the market close on April 10, 2014,

employees in Nordic Semiconductor ASA have exercised

1,748,034 shares in Nordic Semiconductor ASA.

The options contracts were granted to employees with a

strike price of NOK 17.15 and a "cap" of NOK 37.00

(upon cash settlement).

Upon exercise, the company has the right to settle its

option contracts in cash by paying the difference

between the share price and the strike price, with a

maximum settlement fee equal to the difference between

the NOK 37.00 "cap" and the strike price of NOK 17.15

(or NOK 19.85 per option).

Based on the current share price, the Board has

authorized the company to exercise its right to settle

its options contracts in cash by paying the difference

between the NOK 37.00 "cap" and the strike price of

NOK 17.15.

This options settlement will result in a cash payment

of NOK 34,698,475 (MUSD 5.861) to those employees who

have exercised options. All expenses related to the

options exercise have already been recognized in

previous quarters, and the options settlement has no

net impact on the operating expenses of the company in

the current or future quarters.

Among the employees that who exercised options the

following primary insiders participated:

Chief Executive Officer Svenn-Tore Larsen has

exercised 375,000 share options with a "cap" of NOK

37.00. Following this transaction, he holds 2,640,400

shares and 575,000 options in the Company.

Chief Financial Officer Robert Giori has exercised

250,000 share options with a "cap" of NOK 37.00.

Following this transaction, he holds 66,400 shares and

350,000 options in the Company.

Sales Director Geir Langeland has exercised 250,000

share options with a "cap" of NOK 37.00. Following

this transaction, he holds 177,700 shares and 350,000

options in the Company.

Quality Director Ebbe Rømcke has exercised 125,000

share options with a "cap" of NOK 37.00. Following

this transaction, he holds 58,900 shares and 200,000

options in the Company.

Employee Board member Markus Bakka Hjertø has

exercised 20,000 share options with a "cap" of NOK

37.00. Following this transaction, he holds 20,000

options in the Company.

For more information, please contact:

Robert Giori, CFO +47 93409188