Spectrum ASA : Change in share capital


46 875 share options have been exercised and 46 875 shares, each with a face value of NOK 1.0, have been registered with the Norwegian Register of
Business Enterprises.

The Company's share capital after the registration of the new shares is NOK
42,307,195.

7.000 bonds have been converted to shares in Spectrum ASA. The 522 new
shares, each with a face value of NOK 1.0, have been registered with the
Norwegian Register of Business Enterprises.

The Company's share capital after the registration of the new shares is NOK
42.307.717,00.

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