Øivind Horpestad, CEO of ELOP AS, has through the company Gimle Invest AS, on
October 20th bought a total of 141,325 shares in ELOP AS at an average price of
NOK 2.10 per share. 107.538 of the shares acquired by Gimle Invest a company
fully owned by Øivind Horpestad, on the 20th October was transferred from Øivind
Horpestad' personal Holding to Gimle Invest AS. Following the transaction Øivind
Horpestad and related parties' control 13,140,000 shares in ELOP AS. 


For further information, please contact: 
Øivind Horpestad, CEO, tel: +47 910 00 626 
Fredrik Ekholm, Head of Strategy, tel: +358 50 381 8314 

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act