Completion of Subsequent Offering

Reference is made to the stock exchange notice from 
Nio Security, Inc. on 15 February 2011, regarding 
approval of prospectus and the Subsequent Offering of 
shares in Nio at a subscription price of NOK 2.50.

The subscription period in the Subsequent Offering 
ended on 25 February 2011 at 17:30 (Oslo time), and 
Nio has received subscription for a total of 156,268 
new shares. 

All subscribers being allotted shares will receive a 
letter confirming the number of offer shares allotted 
and the corresponding amount to be paid. This letter 
is expected to be distributed on or about 28 February 
2011. Payment will be due on 2 March 2011 and 
delivery of shares will take place on 2 March 2011 by 
delivery of borrowed shares from the main shareholder 
in order to secure timely settlement. 

Following issuing of the new shares, the total number 
of outstanding shares in Nio will increase by 156,268 
shares, from 45,478,041 to 45,634,309 shares, each 
with a par value of USD 0.10. 

The Subsequent Offering is managed by ABG Sundal 
Collier Norge ASA.  

For further information, please contact Tore Formo, 
CFO, tel. +47 91 668 678.