Preliminary counts indicate that NorDiag has received subscriptions for approximately 19,2 million shares in the subsequent offering closed today. This represents approximately 240 percent of the total number of offered shares in the subsequent offering. Allocation of offer shares to the subscribers is expected to be resolved by the board of directors of NorDiag on or about 18 January 2010. - We are most satisfied with this oversubscription, which we interpret as shareholders confidence in our recent performance and strategy going forward, says Mårten Wigstøl.

Reference is made to the stock exchange notice dated 21 December 2009 and the prospectus dated 21 December 2009 regarding a subsequent offering of up to 8,000,000 offer shares in NorDiag ASA (“NorDiag” or the “Company”), each with a nominal value of NOK 1.00, at a subscription price of NOK 1.00 per share with subscription rights for shareholders of the Company as of 25 November 2009, except shareholders who were invited to participate in the private placement completed on 25 November 2009.
 
The subscription period for the subsequent offering expired yesterday, 12 January, 2010 at 17:30 (CET). By the end of the subscription period, preliminary counts indicate that NorDiag has received subscriptions for approximately 19,2 million shares. This represents approximately 240 percent of the total number of offered shares in the subsequent offering.
 
Allocation of offer shares to the subscribers is expected to be resolved by the board of directors of NorDiag on or about 18 January 2010, following settlement of trading in the subscription rights in the VPS, in accordance with the allocation criteria set out in the prospectus. The final result of the subsequent offering is expected to be published through Oslo Børs’ information system on or about 19 January 2010 and notifications of allocated shares and the corresponding subscription amount to be paid by each subscriber are expected to be distributed in letters from VPS on or about the same date. The payment date for the allocated shares is 21 January 2010.

The offer shares to be issued in the subsequent offering will not be tradable until the shares have been fully paid and the share capital increase has been registered in the Norwegian Register of Business Enterprises.

DnB NOR Markets acted as manager in the subsequent offering.
 
Contact:     
CEO Mårten Wigstøl - Phone: +47 911 65775
CFO Tone Kvåle      - Phone: +47 915 19576

Read the notice in Norwgian here.