Norwegian Finans Holding ASA - primary insider notification


Borak AS has today transferred 7 681 443 shares in Norwegian Finans Holding ASA, equal to 4.27% of the outstanding shares in the company, to Brumm AS. Both Borak AS and Brumm AS are wholly owned by Bjørn H. Kise, the chairman of Norwegian Finans Holding ASA. The shares were transferred through a merger of the two companies and at book value in Borak AS, appr. NOK 4.67 per share. After the merger, Brumm AS owns 7 681 443 shares in Norwegian Finans Holding ASA, equal to 4.27% of the outstanding shares in the company. Borak AS was liquidated as part of the merger. In addition to the shares owned through Brumm AS, Bjørn H. Kise owns another 4 418 361 shares in Norwegian Finans Holding ASA, equal to 2.46 % of the outstanding shares in the company, through Sneisungen AS. Bjørn H. Kise owns 51% of the shares in Sneisungen AS. This notification is given pursuant to the Norwegian Securities Trading Act section 4-2.