Atea — Share Issue/Capital Change 2010

Oct 29, 2010

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

1. Out of a total of 1,699,169 exercisable options,

employees in the Atea Group have exercised 469,665

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

4,696,650 by issuing 469,665 new shares, of par value

NOK 10. Following the increase the Company's share

capital is NOK 962,950,220 divided into 96,295,022

shares.

2. Options exercised by primary insiders 28 October,

2010:

Juha Sihvonen has exercised 50,000 options in the

Company, corresponding to

50,000 shares at the strike price of NOK 32.80.

Arunas Bartusevicius has exercised 49,333 options in

the Company, corresponding to 49,333 shares at the

strike price of NOK 32.40.

Attila Fransén has exercised 12,000 options in the

Company, corresponding to 12,000 shares at the strike

price of NOK 25.00.

3. Transfer of rights

28 October, 2010, the primary insiders mentioned

below transferred their rights to receive shares

resulting from the exercise of options to a third

party. The sales amount will be finally determined on

the basis of the price subsequently obtained by the

third party when selling the shares in the market.

Still, primary insiders cannot be held liable for

losses incurred by the third party if the shares are

later sold below the strike price. Final compensation

for the transferred rights will be reported to Oslo

Stock Exchange when known.

Juha Sihvonen

Arunas Bartusevicius

Attila Fransén

4. New holding

After exercising options, Juha Sihvonen holds 100,000

unexercised options in the Company, corresponding to

100,000 shares at the strike price of NOK 40.64 and

50,000 unexercised options in the Company,

corresponding to 50,000 shares at the strike price of

NOK 32.80. After completion of the above mentioned

transactions, the primary insider holds 0 shares in

the Company.

After exercising options, Arunas Bartusevicius holds

50,667 unexercised options in the Company,

corresponding to 50,667 shares at the strike price of

NOK 32.40. After completion of the above mentioned

transactions, the primary insider holds 0 shares in

the Company.

After exercising options, Attila Fransén holds 30,000

unexercised options in the Company, corresponding to

30,000 shares at the strike price of NOK 40.64 and

24,000 unexercised options in the Company,

corresponding to 24,000 shares at the strike price of

NOK 25.00. 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 4 800 employees.

Atea is present in 73 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]