Nekkar — Remuneration Information 2019

Sep 12, 2019

Nekkar ASA: Share options exercised by primary insiders

Nekkar ASA: Share options exercised by primary insiders

On 12 September 2019, Toril Eidesvik, CEO , Mark Bakelaar, Chief Digital Officer

and Mette Harv, Executive Vice President exercised 300.000, 80.000 and 80.000

options respectively (each giving the right to one share in Nekkar ASA) at a

strike price of NOK 3,43 per share.

In order to settle its obligations to deliver the shares, Nekkar ASA has

initiated an increase in the share capital. Following these transactions, the

new number of shares in Nekkar ASA will be 105.470.078.

Following the transaction Toril Eidesvik will hold 300.000 shares directly and

50.000 shares indirectly owned by a company controlled by her, Mark Bakelaar

will hold 80.000 shares and Mette Harv will hold 80.000 shares in Nekkar ASA.

The total number of issued options under the employee option program in Nekkar

ASA, post the above reported transactions,  are 300.000, of which 150.000

options may be exercised by Rolf-Atle Tomassen and 150.000 options may be

exercised by Björn Rosén.  As of ex date for cash dividend proposed for the

extraordinary general meeting 19 September, strike price for remaining options

will be reduced from NOK 3,43 to NOK 1,30. These options are valid until 31 May

Bergen, 12 September 2019

Nekkar ASA

www.nekkar.com (http://www.nekkar.com)

Contact person:

Toril Eidesvik CEO

M: +47 900 78 218

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act