AF Gruppen — Share Issue/Capital Change 2015

Mar 12, 2015

Share issue

Share issue

Reference is made to public announcement 11.03.2015

regarding the acquisition of LAB AS.

According to the authorisation given by the

extraordinary general meeting 13 February 2015, the

Board of Directors in AF Gruppen ASA (AFG) has

decided to perform a share issue of 2,702,703 shares

as a private placement to the sellers of shares in

LAB AS. The subscription price will be NOK 74.00 per

share and nominal value per share is NOK 0.05.

The share issue will increase the share capital in

AF Gruppen by NOK 135,135.15 to NOK 4,571,380.35.

The total number of shares outstanding after this

share issue will be 91,427,607.

A new certificate of registration will be submitted

to Oslo Stock Exchange when it is available.