On July 15, the following transactions took place in Atea ASA (the Company):

1. Exercise of stock options

Employees of the Atea group have exercised stock options.

In total, 22,000 stock options were exercised under the original agreements. Atea will transfer 22,000 of its own shares to fulfill the Company's obligations under these employee stock option agreements.

2. Conversion of stock options and exercise of rights

Employees of the Atea group have entered into an agreement with Atea to convert stock options into the right to receive shares in the Company of an equivalent value.

In total, 183,800 stock options with a weighted average strike price of NOK 73.07 were converted into the right to receive 86,279 Atea shares, based on the volume weighted average price of NOK 137.72 for the Atea share on July 12.

Employees of the Atea group exercised their rights to receive shares in the Company.

After withholding of income taxes, employees received rights to 47,938 shares in Atea ASA. Atea will transfer 47,938 of its own shares to fulfill the company's obligations to provide these shares.

3. Conversion of stock options and exercise of rights by primary insiders

The following primary insiders entered into an agreement with Atea to convert stock options into the right to receive shares in the Company of an equivalent value and exercised their rights to receive shares.

Juha Sihvonen converted 40,000 stock options at a strike price of NOK 72.75 into the right to receive 18,870 shares in the Company.  After withholding of income taxes, he has obtained the right to receive 10,190 shares.

Steinar Sønsteby converted 100,000 stock options at a strike price of NOK 72.75 into the right to receive 47,174 shares in the Company.  After withholding of income taxes, he has obtained the right to receive 24,814 shares.

4. Transfer of rights and sale of shares

The primary insiders mentioned above transferred their rights to receive shares resulting from the conversion of options to a third party. The payment has been determined based on a selling price of NOK 138.79 per share.

5. New holding

Juha Sihvonen holds 400,000 options, 121 shares, and 60 RSUs in the Company.
Steinar Sønsteby holds 1,100,000 options and 125,104 shares, and 52 RSUs in the Company.
Atea ASA holds 655,526 of its own shares.

See details about the transactions for primary insiders on July 15 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