EDBASA options granted

EDBASA options granted

(Oslo, 1 June 2006) In accordance with the mandate granted by the Annual General Meeting held on 10 May 2006, the Board of Directors of EDB has granted 1.550.000 share options as follows:

Endre Rangnes, CEO, receives 250,000 options.

Other members of the executive management:

John-Arne Haugerud	100,000
Ole Urdahl	100,000
Richard Wannerholt	100,000
Tore Valderhaug	80,000
Oddgeir Hansen	80,000
Vibeke Nyvold	50,000
Geir Remman	25,000
Other key employees	765,000

The purchase price will be the volume-weighted average closing share price on the Oslo stock exchange for the five days before and five days after the date the options are granted. The purchase price for the CEO's options is set at NOK 51.14 per share, which is equivalent with the volume-weighted average closing share price on the Oslo stock exchange for the five days before the options are granted.
Exercise of the options is conditional on the share price at the time of exercise being at least equal to the purchase price plus interest equivalent to 5.38% per annum or 0.483% per month. The options are also subject to a maximum gain of 250%.

The vesting period for the options is 3 years, and once vested the options can be exercised on a quarterly timetable. Exercise of the options will take place either by transfer from the company's holdings of its own shares or by cash payment, and will therefore not involve any increase in share capital.