AF Gruppen - Share Issue/Capital Change 2015

Share issue and sale of shares

The Board of Directors of AF Gruppen ASA (AFG) has

decided to go through with the Company's share

purchase program for employees.

567 employees have subscribed a total of 1,000,000

shares. The shares were subscribed at a price of NOK

85.00 per share, which corresponds to a 20 per cent

discount compared to the average market price during

the subscription period.

In connection with this, the Board has decided to sell

148,145 of the Company's own shares. The Company's

holding of own shares after this transaction will be 0

shares.

The Board has also decided to issue 851,855 shares

towards Company employees, in accordance with the

Power of Attorney given by the General Assembly 13 May

The Company's share capital will increase by NOK

42,592.75 after the issue of 851,855 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 92,680,000. New share capital in AF

Gruppen ASA will be NOK 4,634,000.

The sale and issue of shares is expected to be

completed October 30th 2015.

A new certificate of registration will be submitted to

Oslo Stock Exchange when it is available.

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