On October 24, the following transactions took place in Atea ASA (the Company):

1. Exercise and conversion of stock options

Employees of the Atea Group exercised stock options.  Upon exercise, the stock options are converted into the right to receive ATEA shares of an equivalent intrinsic value.  The intrinsic value is calculated based on the volume weighted average price of the ATEA share on the day preceding the exercise.

In total, 227,241 stock options with a weighted average strike price of NOK 118.25 were exercised and converted into the right to receive 45,408 Atea shares, based on the volume weighted average price for the Atea share on October 23.

After withholding of income taxes, employees received rights to 24,064 shares in Atea ASA. Atea will transfer 24,064 of its own shares to fulfill the company's obligations.

2. Exercise and conversion of stock options by primary insiders

The following primary insiders exercised stock options:

Juha Sihvonen exercised 20,000 stock options at a strike price of NOK 118.25. Upon exercise, the options were converted into the right to receive 3,996 shares in the Company. After withholding of income taxes, he obtained the right to receive 2,158 shares.

Steinar Sønsteby exercised 100,000 stock options at a strike price of NOK 118.25. Upon exercise, the options were converted into the right to receive 19,982 shares in the Company. After withholding of income taxes, he obtained the right to receive 10,511 shares.

3. Transfer and sale of rights

The primary insiders above transferred their rights to receive shares to a third party. The payment has been determined based on a selling price of NOK 150,71 per share.

4. New holding

Juha Sihvonen holds 400,000 options, 248 shares, and 119 RSUs in the Company.

Steinar Sønsteby holds 900,000 options, 125,211 shares, and 102 RSUs in the Company. The shareholding includes shares held through his holding company SS Holding AS.

Atea ASA holds 1,008,676 of its own shares.

See details about the transactions for primary insiders on October 24 reported to Finanstilsynet enclosed.

For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188