The board has pursuant to authorisation granted by the general meeting on 16 March 2007 resolved a share issue in which the share capital will be increased with minimum NOK 0.10 and maximum NOK 117,647 through the issuance of minimum 1 and maximum 1,176,470 shares. The shares shall be subscribed at a subscription price of NOK 8.50 per share. The subscription period is from 26 March 2007 to and including 10 April 2007. The Company’s shareholders as of 20 March 2007 have pre-emptive rights to subscribe for and be allotted new shares (“Subscription Rights”). The Subscription Rights are transferable and will be listed on Oslo Børs in the period from 26 March 2007 to and including 10 April 2007.

The Company’s shares will be traded exclusive Subscription Rights from and including 21 March 2007. The Company will issue 1 Subscription Right for each 19.9527 share in the Company held as of 20 March 2007. The number of Subscription Rights issued to a shareholder will be rounded down to the nearest whole number of Subscription Rights if the shareholder did not hold a number of shares that may be divided by 19.9527. 1 Subscription Right entitles the holder to subscribe for and be allotted one new share. Over-subscription is permitted.

Shareholders that participated in the private placement resolved by the general meeting on 16 March 2007 shall not have pre-emptive rights to subscribe for new shares, and will not receive Subscription Rights.