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Notification of trade among primary insiders

February 5, 2014

Reference is made to the notice to the stock exchange on 29 January 2014 regarding commencement of subscription period for the Subsequent Offering in Serodus ASA . On 5 February 2014 mandatory notification of trade among primary insiders of Serodus ASA took place. The transactions are described in detail below. Svein S. Jacobsen , chairman of the board, has via his investment company Sveinja Invest as received 35,764 subscription rights in the Subsequent offering and intends to subscribe for 55,000 shares at the Subscription Price of NOK 3.00 per Offer Share . After this transaction, Jakobsen will own between 130.764 and 150.000 shares in Serodus . Smerud Medical Research as, defined as primary insider in Serodus ASA , has received 99,637 subscription rights in the Subsequent Offering. Smerud Medical Research as has sold 74.375 subscription rights in the Subsequent Offering at NOK 0,45 per subscription right and sold 25.262 subscription rights at NOK 0,40 per subscription right . This transaction does not alter Smerud Medical Research as ownership of 264.661 shares in Serodus . Click here for more information:

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