Nel ASA

Major Shareholding Notification • Mar 27, 2014

Notification of Large Shareholding - disposal

Notification of Large Shareholding - disposal

Resolution Limited hereby confirms that its wholly

owned subsidiary, Friends Provident International

Limited, disposed of its beneficial interest in

1,250,000 subscription rights to purchase ordinary

shares in DiaGenic ASA (ISIN NO0010081235) on 27

March 2014. The registered owner of the rights was

Skandinaviska Enskilda Banken Sweden. The rights

represented 15.6% of the current issued share capital

of DiaGenic (1.15% of the issued share capital of

DiaGenic following the completion of the rights

issue). Following the disposal, Friends Provident

International Limited does not have any interests in

the shares or subscription rights of DiaGenic ASA.

Friends Provident International Limited is controlled

by the companies noted below (i.e. Friends Life and

Pensions Limited being its parent company, and each

company being controlled by the company named below

it):

- Friends Life and Pensions Limited

- Friends Life Limited

- Friends Life FPL Limited

- Friends Life FPG Limited

- Friends Life Group plc

- Resolution Holdings (Guernsey) Limited

- Resolution Holdco No.1 LP

- Resolution Limited

DiaGenic is making a fully under-written rights issue

of 100,000,000 new shares, each with a nominal value

of NOK 0.20. The subscription period commenced on 17

March 2014 and is expected to expire at 17.30 on 31

March 2014. DiaGenic has announced that the new

shares are expected to be listed and tradeable on

Oslo Bors on 9 April 204.