The Board of Directors in AF Gruppen ASA has issued 150,000 new share options to
184 employees in 2021, in accordance with the Power of Attorney given by the
General Meeting on May 15, 2020. The options may be exercised in 2023. The
strike price for the options will be NOK 194.85 (average market price during the
subscription period) adjusted for dividends that exceeds 50 percent of earnings
per share from June 2021 until exercising in 2023.

Total outstanding options are after this issue 3,956,660.

Please see attachment for information on options allocated to primary insiders.


This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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