CANCELATION OF PUT OPTION

SEB Enskilda ASA sent a stock notification on 16th August 2006 describing among other things that Blom had written a put on 3 290 000 shares with a strike of 22,39 plus interest. The agreement on the put option has been cancelled, and Blom has no commitment towards the owners of the former put option.  

The cancellation of the put option implies that Blom`s power of attorney to buy back own shares can potentially be used for other purposes.

For further information please contact the CEO, Mr. Dirk Blaauw, on

tel. +47 22 13 19 23 or CFO Jan Erik Braathen on tel. +47 22 13 19 24.