Atea Share Savings Program - notification of trade

Atea ASA has established an Employee Share Savings Program (the "Program"), which is open to all employees of the Atea Group. The purpose of the program is to engage employees and foster a culture of employee ownership in the Company. Under the terms of the Program, participating employees may allocate a fixed amount of their monthly after-tax salary to purchase shares in Atea ASA (up to a maximum per month is NOK 1,000 in Norway, SEK 1,000 in Sweden, DKK 700 in Denmark and EUR 100 per month in Finland and the Baltic countries). Shares are purchased by employees from Atea ASA's treasury share holdings at market price. The price of the shares purchased is determined based on the volume-weighted average price of the ATEA share on the day preceding the share transfer. As an additional incentive, participating employees will receive one "bonus" share for each two ordinary shares purchased under the Program after a vesting period in which the specified ordinary shares must be held. The vesting period is three years for executive management and two years for all other employees. The participant must also remain employed by Atea during the vesting period in order to receive the bonus share.  The "bonus" share is treated as a restricted stock unit (RSU) under IFRS 2 Share-Based Compensation. 2,812 Atea employees have registered to participate in the program, representing approximately 35% of total employees. Employees may register into or out of the program four times per year. On June 5, employees in the Atea Group purchased 35,374 shares under the Employee Share Savings Program.  Shares were purchased from Atea's treasury share holdings at a share price of NOK 153.17 per share, corresponding to the volume-weighted average share price on 5 June 2023. The cost of the shares will be deducted from the employees' after-tax salary in June and July 2023. After the transaction, Atea ASA holds 1,442,368 of its own shares in treasury. The following primary insiders have acquired ATEA shares on 5 June 2023 through the Atea Share Savings Program: Arunas Bartusevicius (Managing Director, Atea Baltics) purchased 15 shares under the Program. After the transaction, the primary insider holds 100,209 shares, 280,000 options and 8 RSUs in the Company. Truls Berntsen (employee Deputy Board member) purchased 13 shares under the program. After the transaction, the primary insider holds 13 shares, 6,000 options and 6 RSUs in the Company. Arild Fevang (employee Deputy Board member) purchased 13 shares under the program. After the transaction, the primary insider holds 213 shares and 6 RSUs in the Company. Marius Hole (employee Board member) purchased 13 shares under the Program. After the transaction, the primary insider holds 13 shares and 6 RSUs in the Company. Leiv Jarle Larsen (employee Board member) purchased 13 shares under the Program. After the transaction, the primary insider holds 13 shares and 6 RSUs in the Company. Ole Petter Saxrud (Managing Director, Atea Norway) purchased 13 shares under the Program. After the transaction, the primary insider holds 1,513 shares, 185,000 options and 6 RSUs in the Company. Kathrine Forsberg (Managing Director, Atea Denmark) purchased 15 shares under the Program. After the transaction, the primary insider holds 15 shares, 240,000 options and 7 RSUs in the Company. Robert Giori (Group CFO) purchased 13 shares under the Program. After the transaction, the primary insider holds 126,800 shares, 475,000 options and 6 RSUs in the Company. The shareholding includes shares held by close associates and through his holding company Four Leaf Clover AS. Carl-Johan Hultenheim (Group COO) purchased 13 shares under the Program. After the transaction, the primary insider holds 14,013 shares, 575,000 options and 7 RSUs in the Company. Juha Sihvonen (Managing Director, Atea Finland) purchased 15 shares under the Program. After the transaction, the primary insider holds 15 shares, 400,000 options and 8 RSUs in the Company. Steinar Sønsteby (Group CEO) purchased 13 shares under the Program. After the transaction, the primary insider holds 125,013 shares, 1,366,307 options and 6 RSUs in the Company. The shareholding includes shares held through his holding company SS Holding AS. Marianne Urdahl (employee Deputy Board member) purchased 13 shares under the program. After the transaction, the primary insider holds 780 shares and 6 RSUs in the Company. Linus Wallin (Managing Director, Atea Sweden) purchased 13 shares in Atea ASA. After the transaction, the primary insider holds 13 shares, 285,000 options and 7 RSUs in the Company. See details about the transactions for primary insiders on 5 June reported to Finanstilsynet enclosed. This announcement is subject to information pursuant to the Securities Trading Act § 5-12