Reference is made to the stock exchange notice published earlier today regarding the contemplated private placement. Based on a request from the Oslo Stock Exchange, the following amendment regarding the potential subsequent offering is made:

Subject to successful completion of the Private Placement, the Board of Directors may carry out a subsequent offering of new shares in the Company directed towards shareholders in the Company who were not allocated Offer Shares in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful or, for jurisdictions other than Norway, would require any prospectus, filing, registration or similar action. Such shareholders will be granted non-transferable preferential rights to subscribe for, and, upon subscription, be allocated new shares. The subscription price in such subsequent offering will be the same as the subscription price in the Private Placement. The Company will revert in due course with specific information related to a subsequent offering, including the ex date for the shares.

All other information in the original stock exchange notice remains as is.

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