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Nel ASA Director's Dealing 2010

Nov 16, 2010

3670_dirs_2010-11-16_818584f6-c208-4565-aa6b-cb24743b68d1.html

Director's Dealing

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Notification of trade among primary insider

Notification of trade among primary insider

Reference is made to the notice to the stock exchange on 3 November 2010

regarding commencement of subscription period for the "Subsequent repair

offering". On 15 November 2010 mandatory notification of trade among

primary insiders of DiaGenic ASA took place. The transaction is

described in detail below.

Erik Anders Lönneborg, Director in DiaGenic ASA, received 3,107,397

subscription rights in the subsequent repair issue. Lönneborg has sold

2,900,000 subscription rights at an average price of NOK 0.1296 per

subscription right, and subscribed for 207,397 shares in the subsequent

repair offering at NOK 0.50 per share. Lönneborg`s overall holding in

the Company will increase from 2,907,370 shares to 3,114,767 shares post

allotment of the shares in the offering.

Contact:

Erik Christensen, CEO

Telephone: 47 95939918

e-mail: [email protected]