Mandatory notification of trade

19 Jul 2023 18:27 CEST

On July 19, the following transactions took place in Atea ASA (the Company):

1. Exercise of stock options

Employees of the Atea group have exercised stock options.

In total, 17,700 stock options were exercised under the original agreements.
Atea will transfer 17,700 of its own shares to fulfill the Company's obligations
under these employee stock option agreements.

2. Conversion of stock options and exercise of rights

Employees of the Atea group have entered into an agreement with Atea to convert
stock options into the right to receive shares in the Company of an equivalent
value.

In total, 153,000 stock options with a weighted average strike price of NOK
90.64 were converted into the right to receive 53,242 Atea shares, based on the
volume weighted average price of NOK 139.02 for the Atea share on July 19.

Employees of the Atea group exercised their rights to receive shares in the
Company.

After withholding of income taxes, employees received rights to 26,593 shares in
Atea ASA. Atea will transfer 26,593 of its own shares to fulfill the company's
obligations to provide these shares.

3. Conversion of stock options and exercise of rights by primary insiders

The following primary insiders entered into an agreement with Atea to convert
stock options into the right to receive shares in the Company of an equivalent
value and exercised their rights to receive shares.

Steinar Sønsteby converted 75,000 stock options at a strike price of NOK 93.125
into the right to receive 24,758 shares in the Company.  After withholding of
income taxes, he has obtained the right to receive 13,023 shares.

4. Transfer of rights and sale of shares

The primary insiders mentioned above transferred their rights to receive shares
resulting from the conversion of options to a third party. The payment has been
determined based on a selling price of NOK 136.58 per share.

5. New holding

After the above transactions:

Steinar Sønsteby holds 125,013 shares, 1,291,307 options and 6 RSUs in the
Company.
Atea ASA holds 1,398,075 of its own shares.

See details about the transactions for primary insiders on July 19 reported to
Finanstilsynet enclosed.

For further information, please contact:

Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188

More information:
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