All primary insiders of Fornebu Utvikling ASA have the 23rd of February accepted the mandatory offer from Oslo Bolig- og Sparelag (OBOS ) regarding sale of all shares in the Company.

Name of primary insider Title No. of shares
Roar Engeland and related parties Chairman 1 500 000
Morten Grongstad CEO 822 125
Arvid Sveen Director of Development 132 125
Anders Reiremo Chief Legal Director 98 625
Gisle Glück Evensen CFO 74700
Trude Klokk Solvang Director of Marketing 32 125


The shares will be sold for a price of NOK 2.45 per share, and the transaction is expected completed Monday 26 March 2012.

After this transaction, all insiders of the Company have sold all their shares in Fornebu Utvikling ASA to OBOS.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.