Elmera Group ASA

Remuneration Information • Feb 4, 2019

Fjordkraft Holding ASA: Grant of options to primary insiders

Fjordkraft Holding ASA: Grant of options to primary insiders

Reference is made to the Board of Directors’ approval of a long-term incentive program on 10 December 2018.

The following primary insiders have been granted options:

- Roger Finnanger: 30,000 options, now holding a total of 483 shares and 60,000 options

- Christian Kalvenes: 60,000 options, now holding a total of 483 shares and 60,000 options

One third of the options each person is granted vest on 15 February 2020, one third vest on 15 February 2021 and one third vest on 15 February 2022. The options have a strike price of NOK 34 and expire on 15 February 2023.

The long-term incentive program is subject to approval at the Annual General Meeting on 14 May 2019. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees.

The total number of options granted is now 960,000.

For queries, please contact:

Per Axel Koch, Chairman, +47 481 20 000

Rolf Barmen, CEO, +47 900 80 950