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Nekkar ASA: Primary insider notification

Reference is made to today's stock exchange announcement regarding the conversion of bonds in the bond issue "10.00 per cent TTS Group ASA Convertible Callable Unsecured Subordinated Bond Issue 2011/2016" with ISIN NO 0010593890 (the "Bonds") to shares in Nekkar ASA (the "Company").

In connection with the conversion, Trym Skeie, chairman of the board of directors of the Company and primary insider, with companies controlled directly by him, will convert Bonds for a total par value of NOK 4 000 000 into a total of 804 828 new shares in the Company at a conversion price of NOK 4.97. per share.

Following completion of the conversion, Trym Skeie and companies directly or indirectly controlled by him, will hold a total of 1 377 968 shares in the Company, which will constitute 1,31% of the total number of issued shares in the Company and no Bonds.

16 August 2019

Nekkar ASA

Contact person:

Toril Eidesvik
M: +47 900 78 218

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