Share capital

Movement of share capital since 2001

Date	Transaction	Change in shares	Treasury shares	Number of shares	Share Capital (NOK)
Opening balance				86 500 000	76 120 000
2001	Cash issue	7 500 000		94 000 000	82 720 000
2001	Cash issue	1 025 000		95 025 000	83 622 000
2001	Payment in kind	1 500 000		96 525 000	84 942 000
2002	Payment in kind	2 260 936		98 785 936	86 931 624
2003	Cash issue	22 631 000		121 416 936	106 846 904
2003	Cash issue	9 000 000		130 416 936	114 766 904
2004	Cash issue	12 000 000		142 416 936	125 326 904
Post merger
May 05	Merger	111 899 021		254 315 957	223 798 042
June 05	Cash issue	25 400 000		279 715 957	246 150 042
June 05	Sale		26 000 000
June 05	Debt conversion	13 048 573		292 764 530	257 632 786
June 05	Sale		16 691 041
June 05	Cash issue	27 900 000		320 664 530	282 184 786
June 05	Sale		2 619 403
June 05	Sale		1 200 000
Jan 06	Cash issue	32 000 000		352 664 530	310 344 786
May 08	Cash issue	500 000		353 164 530	310 784 786
Sept 09	Cash issue	35 316 451		388 480 981	341 863 263
Feb 10	Cash issue	70 588 235		459 069 216	403 980 910
April 9	Cash issue	9 085 350		468 154 566	411 976 018
June 7	Demerger			468 154 566	172 671 733
Balance as of June 7, 2010				468 154 566	172 671 733