AF Gruppen - Remuneration Information 2014

Exercise of employee share options in AF Gruppen ASA

With reference to announced Minutes of extraordinary

General Meeting on 14 February 2014 regarding passed

resolution to authorize the Board of AF Gruppen ASA

(AFG) to exercise all outstanding share options in

March 2014 by share capital increase.

A total of 5,755,679 share options have been

exercised by 1,240 employees of AF Gruppen. Volume

weighted average strike price for the options was NOK

41.97. The number of outstanding unexercised options

in AF Gruppen ASA after today's transactions is 0.

Primary insiders in AF Gruppen have in connection

with exercising share options bought 447,701 shares

in AF Gruppen ASA.

Reference is made to announcement today regarding

offer from existing shareholders to buy shares from

employees. Primary insiders have sold a total of

231,940 shares in connection with this this offer.

Please see enclosure for detailed summary of primary

insiders' transactions and holdings.

For further information:

Executive Vice President / CFO, Sverre Hærem, tel.

+47 952 45 167

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