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Nel ASA Share Issue/Capital Change 2010

Dec 3, 2010

3670_dva_2010-12-03_76655db1-8046-47f0-bcc0-be0090d06747.html

Share Issue/Capital Change

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Share capital increase

Share capital increase

On 29 October 2010 the general assembly in DiaGenic ASA resolved a

private placement of 140 million new shares and a subsequent offering of

up to 60 million new shares, both at a subscription price of NOK 0.50

per share. The share capital increase from the subsequent offering of 60

million new shares has now been registered with the Norwegian Register

of Business Enterprises. Following the registration, DiaGenic's share

capital is NOK 13,511,826, divided into 270,236,520 shares, each with a

nominal value of NOK 0.05. The Articles of Association of the Company

have been revised accordingly. Please find attached updated company

certificate.

The new shares in DiaGenic ASA are from now on tradable on Oslo Børs.

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]