Arribatec Group ASA - Capital/Financing Update 2016

Notice regarding completion of share capital reduction - decrease of reduction amount

Oslo, 14 October 2016

Reference is made to the stock exchange notice published on 22 August 2016

regarding the completed extraordinary general meeting in Agasti Holding ASA

(under liquidation) (the "Company"), and also the stock exchange notice

published on 24 August 2016 with information relating to a cash dividend from

the Company. The original proposal was to reduce the share capital of the

Company by NOK 51,992,037.4368 (the "Original Reduction Amount"), by reducing

the par value of each share by NOK 0.1766. As set out in the resolution from the

Company's extraordinary general meeting the board is authorised to reduce the

reduction amount to an amount lower than the Original Reduction Amount, in order

to maintain adequate equity and capitalisation of the Company.

The creditor notice period for the share capital reduction of the Company

expired on 4 October 2016. In addition the creditor notice periods in connection

with liquidation of the Company's two Norwegian subsidiaries expired on 5

October 2016 and 6 October 2016. It has been resolved to distribute NOK 0.1757

per share. The share capital reduction amount is therefore set to NOK 51,

727,072.3536, and the share capital is reduced from NOK 52,993,016.64 to NOK

1,265,944.2864 by reducing the par value of each share by NOK 0.1757 from NOK

0.18 to NOK 0.0043 per share.

The resolution states that the reduction amount shall be distributed to the

Company's shareholders as of the date the board files for completion of the

share capital deduction with the Norwegian Register of Business Enterprises.

Completion of the share capital deduction will be filed with the Norwegian

exchange opening hours. The last day of trading inclusive right to receive

distribution from the share capital deduction will therefore be Monday 17

October 2016. For key dates for the share capital reduction please see separate

stock exchange notice.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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