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MANDATORY TRANSACTION REPORT

[First published: Tuesday 27 June 2006 3:47:20 am]

 

Managing Director exercises share options.

 

The Managing Director of International Maritime  Exchange ASA, Mr Tom Even Mortensen, has  exercised options pursuant to the company's  employee incentive programme to purchase 10,000  shares at a price of NOK 44.33 each. Mr Mortensen subsequently owns 178,544 shares in the  company - directly or indirectly.

 

Options for altogether 145,000 shares may be  exercised by employees of the Imarex group in the  period from 15 to 30 June 2006.  Due to the  internal restructuring of the group in connection  with the merger with NOS ASA, the company is not  able to issue new shares until these transactions have been completed. 

 

The company's 58,500  treasury shares will therefore be sold to the  employees pursuant to the options programme and  the remaining options will be settled with a cash payment based on the average closing price of the  Imarex share on 13, 14, 15, 16 and 19 June, which  was NOK 85.50.

 

For additional information please contact:

 

Arild Jęger, Chief Financial Officer, Telephone +47  23 89 42 11

 

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