AF Gruppen

Remuneration Information • Mar 13, 2020

CORRECTION: Exercise of employee share options in AF Gruppen ASA

CORRECTION: Exercise of employee share options in AF Gruppen ASA

Reference is made to announcement today regarding exercise of employee share options in AF Gruppen ASA.

The correct number of share options exercised by primary insiders is 221,650, and not 219,850 as previously stated. The correction applies to EVP Geir Flåta who has exercised 17,720 share options, not 15,920 as previously stated.

Please see updated enclosure for detailed summary of primary insiders’ transactions and holdings after allocation of new shares.

For further information:

Executive Vice President / CFO, Sverre Hærem, tel. +47 952 45 167