Aqualis ASA: Mandatory notification of trades and large shareholdings disclosure

Aqualis Holdco Ltd (“Holdco”), an employee shareholding vehicle established in 2013 for Aqualis group employees, will on 7 November 2016 transfer all of its 2,187,500 shares (representing 5.03% of the total number of outstanding number of shares) in Aqualis ASA (“Aqualis”) to its employee shareholders. The transferred Aqualis shares are valued at NOK 2.95 per share, the closing price of the Aqualis shares on 4 November 2016. After completion of the transfer Holdco will not hold any shares in Aqualis. Holdco will subsequently be voluntarily liquidated.

The following primary insiders receives shares as part of the transfer:

Rodger Dickson, Group Marine Director, receives 122,207 Aqualis shares. After completion of the transfer Rodger Dickson and related parties will hold 512 068 shares in Aqualis.

Santosh George, Group QHSE Manager, receives 122,207 Aqualis shares. After completion of the transfer Santosh George and related parties will hold 196 963 shares in Aqualis.

Ben Lazenby, Regional Director – Middle East, receives 61,103 Aqualis shares. After completion of the transfer Ben Lazenby and related parties will hold 134 892 shares in Aqualis.

Cherry Lenox, related party to Phil Lenox, Director Asia Pacific, receives 12,221 Aqualis shares. After completion of the transfer Cherry Lenox and related parties will hold 897,819 shares in Aqualis.

Stuart Mill, Group Commercial Director, receives 61,103 Aqualis shares. After completion of the transfer Stuart Mill and related parties will hold 100 768 shares in Aqualis.

Amish Sanghavi, Group Controller, receives 36,662 Aqualis shares. After completion of the transfer Amish Sanghavi and related parties will hold 176 994 shares in Aqualis.