AF Gruppen — Share Issue/Capital Change 2010

Mar 26, 2010

Share issue

According to the Power of Attorney given by the

General Assembly 15.01.2010, the Board of Directors

in AF Gruppen ASA (AFG) has decided to perform a

share issue of 622,000 shares towards 111 of its

employees. The shares are issued at the discounted

price of NOK 31,28 per share.

The share capital will increase by NOK 31,100 after

the issue of 622,000 shares with a nominal value of

NOK 0.05 per share. When the share issue is

completed, the number of shares in AF Gruppen ASA

will be 73,605,940. New share capital in AF Gruppen

ASA will be NOK 3,555,897.

A new certificate of registration will be submitted

to Oslo Stock Exchange when it is available.