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IMAREX NOS ASA COMPLETED PRIVATE PLACEMENT

[First published: Thursday 08 March 2007 7:36:56 am]

Reference is made to the stock exchange notice dated 7 March 2007.

IMAREX NOS ASA (`Imarex`) has on 7 February 2007 completed a private placement of 1,032,200 new Shares. The placement was approximately three-times over-subscribed.The subscription price was NOK 85.50 per share, giving gross proceeds of approximately NOK 88 million.

The total issued share capital in Imarex will increase from NOK 10,322,366 to NOK 11,354,566. The total number of shares will increase from 10,322,366 to 11,354,566.

The purpose of the private placement is to finance the expansion within Market Place & Exchange and OTC brokerage expected to be announced within the next few months, in addition to general corporate purposes.

Allocation letters will be sent today. Payment date has been set to 13 March 2007. The subscribers will receive existing and unencumbered shares in the Company that are already listed on Oslo Børs, pursuant to a share lending agreement between Pareto Securities ASA and DnB NOR Bank ASA.

The shares delivered to the subscribers will be tradable from the date they are delivered.

For further information, please contact:

  • Arild Jæger, Chief Financial Officer
    Telephone: + 47 23 89 42 11
    Mobile: +47 971 79 688
    E-mail: arild.jaeger@imarex.com

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