The agenda for the meeting is as follows:

1. Bjarne Aamodt, the Chairman of the Board of Directors, will open the Annual General Meeting, including taking a register of shareholders present.

2. To approve the notice calling the meeting and the agenda.

3. To elect a person to join the Chairman of the meeting in signing the minutes of the meeting.

4. To receive a report on the company's current situation.

5. To approve the Annual Report and Accounts for 2003, including the proposal to meet the loss for the year. The Board does not recommend that any dividend be paid.

6. To approve the auditors` fees.

7. Mandates to the Board for the issue of shares.

7.1 General mandate.

7.2 Mandate in respect of share options for key individuals.

7.3 Mandate in respect of the employee share option scheme.

8. Mandate to the Board to issue a subordinated convertible loan.

9. Approval of the acquisition of assets from a shareholder.

10. Approval of the Mandate for the Election Committee.

11. The remuneration of the Board.

12. Election of 2 members of the Board by shareholders.

13. Appointment of the Election Committee.

 

Notice of the Annual General Meeting together with forms to advise intention to attend/appointment of a proxy have been distributed together with the Annual Report and Accounts to all shareholders registered as such with the Norwegian Central Securities Depository as at 13 April 2004.

 

The Notice and supporting material will also be available for inspection from today at the Company's offices at Gullhaug Torg 4C.

 

Minutes of the Annual General Meeting will be available at the same address immediately after the Meeting.

 

The full text of the Notice is available as an appendix to this stock exchange notification.