The Financial Supervisory Authority of Norway has approved the prospectus dated 6 February 2015 ("the Prospectus") for the rights issue and listing of up to 60,000,000 new shares at a subscription price of NOK 3.50 per new share with tradable subscription rights (listed with ticker "RGT S") for shareholders as of the end of 2 February 2015 (as registered in the Company's shareholder register in the Norwegian Central Securities Depository ("VPS") on 4 February 2015).

Prospectus approved; start of subscription period 9 February 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OR IN ANY
OTHER JURISDICTION WHERE SUCH WOULD BE UNLAWFUL

Reference is made to stock exchange notice dated 12 January 2015 regarding rights issue in Rocksource ASA ("Rocksource" or the "Company") and subsequent announcements.

RIGHTS ISSUE PROSPECTUS
The Financial Supervisory Authority of Norway has approved the prospectus dated 6 February 2015 ("the Prospectus") for the rights issue and listing of up to 60,000,000 new shares at a subscription price of NOK 3.50 per new share with tradable subscription rights (listed with ticker "RGT S") for shareholders as of the end of 2 February 2015 (as registered in the Company's shareholder register in the Norwegian Central Securities Depository ("VPS") on 4 February 2015).

Rocksource will today publish the Prospectus. The Prospectus together with the subscription form will be available at www.rocksource.com, www.paretosec.no and at www.seb.no and will also be available free of charge at the business offices of Pareto Securities and SEB:

Pareto Securities
Dronning Mauds gate 3
P.O. Box 1411 Vika
N-0115 Oslo, Norway
Fax + 47 22 87 87 10
Tel: + 47 22 87 87 o0

SEB
Filipstad Brygge 1
Postboks 1843 Vika
NO-0113 Oslo, Norway
Fax:
Tel:
www.seb.no

Pareto Securities and SEB Corporate Finance are Joint Lead Managers of the rights issue. Advokatfirmaet Schjødt AS is legal advisor to the Company.

SUBSCRIPTION PRICE
The subscription price in the rights issue is NOK 3.50 per new share.

SUBSCRIPTION RIGHTS
Each shareholder will receive 0.6099 subscription rights for every one (1) share held based on their shareholding at the end of 2 February 2015, as registered in the VPS on 4 February 2015. The number of subscription rights issued to each shareholder has been rounded down to the nearest whole subscription right.

The holders of subscription rights will be entitled to subscribe for and be allocated one (1) new share for every (1) subscription right held. Oversubscription and subscription without subscription rights is permitted.

Subscription rights transferred to shareholders registered in the VPS will be fully tradable and listed on the Oslo Stock Exchange with ticker code "RGT S".

New shares may be subscribed by investors who are not resident in a jurisdiction where such offering would be unlawful, or for jurisdictions other than Norway which would require any filing, registration or similar action. Regarding further restrictions in respect of who may be allocated or permitted to acquire or exercise subscription rights / subscribe for new shares, reference is made to Section 12.4 "Restrictions on sale and transfer" in the Prospectus.

UNDERWRITING
The rights issue is underwritten by the Company's largest shareholder EPSI AS. The underwriter's obligation is subject to certain customary conditions, inter alia final and valid resolutions being approved by the Company, a prospectus being published, no material information being disclosed making it impractical or inadvisable to proceed with the rights issue, the Company having received payment from shares subscribed in the rights issue and no force majeure events (such as banking moratorium, suspension in trading, national emergency or significant adverse changes in financial, political or economic conditions) having occurred. In the unlikely event that the conditions are not satisfied or waived by the underwriter, the underwriting agreement may be terminated and the rights issue will be limited to the number of shares subscribed during the subscription period. The underwriting agreement is described in section 4.2.2 of the Prospectus.

SUBSCRIPTION PERIOD
From and including 9 February 2015 to 23 February 2015 at 16:30 CET.

TRADING IN SUBSCRIPTION RIGHTS
From and including 9 February 2015 to 19 February 2015 at 16:30 hours CET.

The subscription rights are tradable and are, based on recent trading, expected to have a financial value as Rocksource's shares are currently traded at a higher price than the subscription price.

Please note that subscription rights that are not used to subscribe for new shares before the end of the subscription period, or not sold before 19 February 2015 at 16:30 CET, will lapse without compensation and consequently be of no value.

PAYMENT AND TRADING OF THE NEW SHARES
The payment date for the new shares is 26 February 2015. The new shares are expected to be delivered and admitted to trading on or about 27 February 2015. 

Bergen, 6.2.2015
Rocksource ASA

Hans Petter Klohs
CFO

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