EDB ASA - Share options allotted

The Board of Directors of EDB have allotted the following share options:
 
     
John-Arne Haugerud
120,000
Ole Urdahl
100,000
Tore Valderhaug
80,000
Reidar Gjærum
50,000
Vibeke Nyvold
50,000
Tom Scharning
50,000
Oddgeir Hansen
50,000
Other key individuals
500,000
 
The purchase price/subscription amount of the options will be the average closing price of the EDB share on Oslo Børs for the five days preceding and the five days following the April 2004 Annual General Meeting (29.04). The options can only be exercised if the share price at the time of exercise is equal to or higher than the purchase price/subscription amount plus interest at the rate of 5.38% per annum (0.483% per month). The share option scheme requires that options are held for one year before they are eligible to be exercised, and following this period 50% of the options can be exercised quarterly in 2005/2006 and 50% quarterly in 2006/2007.