IMAREX ASA Closes NOS Clearing ASA's Sale to NASDAQ OMX Stockholm AB

IMAREX ASA announced that the agreement between the Company as seller and NASDAQ OMX Stockholm AB as buyer regarding NOS Clearing ASA has been closed and become effective on July 2, 2012. The divestment marks the end of a strategic process whereby the Company has sold the subsidiaries Nena AS, Spectron Group Ltd., Kontali Analyse AS and now NOS Clearing ASA for a total consideration of approximately NOK 1.1 billion. The gross proceeds from the sale of NOS Clearing amounted to NOK 233.3 million and are adjusted for estimated changes in net equity from December 31, 2012 until June 30, 2012. The final amount will be agreed upon post closing when the NOS balance sheet as of June 30, 2012 is agreed upon. IMAREX ASA retains responsibilities under the NOS Clearing sales and purchase agreement until October1, 2013 and NOK 24 million will be kept in escrow to this effect. The Company's tax warranties under the Spectron Group sales and purchase agreement lapse on March 31, 2013. GBP 3 million is kept in escrow under that agreement. The Company's remaining assets and activities will be managed in the warranty period with a view of maximizing shareholder return and distributions. IMAREX ASA will distribute the NOS Clearing sale proceeds to its shareholders. A General Meeting to this effect is tentatively scheduled for August 2, 2012.