Atea — Share Issue/Capital Change 2010

May 10, 2010

Exercise of employee share options in Atea ASA ("the Company")

1. Out of a total of 1,850,503 exercisable options,

employees in the Atea Group have exercised 298,335

options. Following the share option exercise the

Board of Directors, pursuant to authorisation granted

by the Company's Annual General Meeting, has decided

to increase the Company's share capital by NOK

2,983,350 by issuing 298,335 new shares, of par value

NOK 10. Following the increase the Company's share

capital is NOK 958,253,570 divided into 95,825,357

shares.

2. Options exercised by primary insiders 7 May, 2010:

Rune Falstad has exercised 100,000 options in the

Company, corresponding to

100,000 shares at the strike price of NOK 13.79.

Tor Arve Ballo has exercised 10,000 options in the

Company, corresponding to 10,000 shares at the strike

price of NOK 32.00.

3. Transfer of rights

7 May, 2010, the primary insiders mentioned below

transferred their rights to receive shares resulting

from the exercise of options to a third party. The

payment was determined based on a selling price of

NOK 45.1633 per right.

Rune Falstad

Tor Arve Ballo

4. Purchase of shares

7 May, 2010, the primary insider mentioned below

entered into an agreement to use part of the

compensation mentioned in item 3 to purchase 63,000

shares. The purchase price was NOK 45.1633 per share.

Rune Falstad

5. New holding

After exercising options, Rune Falstad holds 150,000

unexercised options in the Company, corresponding to

150,000 shares at the strike price of NOK 32.40.

After completion of the above mentioned transactions,

the primary insider holds 74,500 shares in the

Company.

After exercising options, Tor Arve Ballo holds 10,000

unexercised options in the Company, corresponding to

10,000 shares at the strike price of NOK 32.00. After

completion of the above mentioned transactions, the

primary insider holds 1,500 shares in the Company.

For further information, please contact:

Rune Falstad, CFO Atea ASA, mobile +47 906 14 482

About Atea

Atea is the leading Nordic and Baltic supplier of IT

infrastructure with approximately 4 600 employees.

Atea is present in 72 cities in Norway, Sweden,

Denmark, Finland, Lithuania, Latvia and Estonia. Atea

delivers IT products from leading vendors and assists

its customers with specialist competencies within IT

infrastructure services. Atea has an annual revenue

of approximately NOK 15 billion and is listed on Oslo

Stock Exchange. [http://www.atea.com]