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Nel ASA

Director's Dealing Jul 7, 2010

3670_dirs_2010-07-07_cb6cc5b0-de4b-423a-89f3-5ae1797387a5.html

Director's Dealing

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MANDATORY ?NOTIFICATION OF TRADE

MANDATORY NOTIFICATION OF TRADE

On 7 July 2010 mandatory notification of trade by an insider of DiaGenic

ASA took place. Net exposure for the insider is unchanged by this

transaction. The transaction is described in more detail below.

Director Dag Christian Christiansen today settled a Total Return equity

Swap agreement (TRS) for 40,000 shares at NOK 2.39 per share.

Christiansen subsequently entered into a new Total Return equity Swap

agreement (TRS) with exposure of 40,000 underlying shares. Expiry date

for this agreement is 7 October 2010, and the TRS price is NOK 2.42 per

share. After the transactions Christiansen owns a total of 220,000

shares and 10,000 warrants in DiaGenic, in addition to the TRS agreement

with exposure for 40,000 shares.

This information is subject of the disclosure requirements acc. to §5-12

vphl (Norwegian Securities Trading Act).

Contact:

Erik Christensen, CEO

Telephone: +47 95939918

e-mail: [email protected]

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