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13.11.1998 Extraordinary general meeting 13 November 1998At an extraordinary general meeting held on 13 November 1998, a resolution was passed to change the nominal value of the company's shares from NOK 1 to NOK 10, so that 10 old shares with a nominal value of NOK 1 will be replaced with one new share with a nominal value of NOK 10. The change will take place with effect from 19 November 1998. At the same time, the Board's proposal regarding a write-down of capital with an associated allocation to reserves was adopted. The company's share capital will be reduced by NOK 43,879,992, from NOK 146,266,640 to NOK 102,386,648, through an allocation to reserves, which will be applied as resolved by the general meeting in terms of the Norwegian Companies Act �6-1, second paragraph no. 4. The write-down will take place through a reduction in the nominal value of the shares from NOK 10 to NOK 7. For further information, please contact: �ystein Moan, CEO Tel:(+47) 23 13 65 00 Fax:(+47) 23 13 65 01 |