New Share Capital Registered

Date: Oslo, 24 June 2016

Reference is made to stock exchange notice of 12th May 2016 regarding share capital increase in respect of issuance of new shares to members of management.

The share capital increase has now been registered with the Norwegian Register of Business Enterprises. The new share capital is NOK 1,347,485,750 comprising of 134,748,575 shares, each with a par value of NOK 10.00.

This notice is issued pursuant to Section 5-12 of the Norwegian Securities Trading Act