AF Gruppen — Director's Dealing 2011

Jan 10, 2011

Mandatory notification of trade

Grethe Stabell, Secretary of the Board and primary

insider of AF Gruppen ASA, has today sold 30,000

shares in AF Gruppen ASA at a price of NOK 40 per

share.

Following this transaction, Grethe Stabell holds

92,100 shares and 20,000 options in AF Gruppen ASA.

This information is subject of the disclosure

requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)