EMS Seven Seas ASA : Confirmation of new share capital in EMS Seven Seas ASA

29 Nov, 2012

EMS Seven Seas ASA : Confirmation of new share capital in EMS Seven Seas ASA

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES  OR INTO  THE UNITED  STATES, AUSTRALIA,  CANADA OR  JAPAN OR ANY OTHER JURISDICTION  IN WHICH THE  DISTRIBUTION OR RELEASE  WOULD BE UNLAWFUL. SEE ALSO THE DISCLAIMER AT THE END OF THIS ANNOUNCEMENT.

Reference is made to the Rights Offering in EMS Seven Seas ASA ("EMS") with subscription period from November 5 to November 19, 2012.  

The share capital increase pertaining to the Rights offering has now been registered with the Norwegian Register of Business Enterprises. The new shares will be immediately listed on Oslo Børs upon registration of the new share capital in the VPS.

Following the completion of the Rights Offering, EMS has an issued share capital of NOK 27,291,722 comprising of 27,291,722 shares each with a par value of NOK 1.

For further information, please contact:

Morten Persen (CEO), [phone]

Ole Anton Gulsvik (CFO), mob [phone]

Disclaimer

These materials are not for distribution, directly or indirectly, in or into the United  States  (including  its  territories  and  possessions, any State of the United  States and the  District of Columbia),  Australia, Canada, Japan or Hong Kong  or in  other jurisdictions  where such  distribution is  not lawful. These materials  do not  constitute or  form a  part of  any offer  or solicitation to purchase  or  subscribe  for  securities  in  the  United States or in any other jurisdiction.  The securities mentioned  herein have not  been, and will not be, registered  under  the  United  States  Securities  Act of 1933 (the "Securities Act"). There will be no public offer of securities in the United States.

The Rights Offering, the exercise or sale of subscription rights contemplated to be issued in the Rights Offering (the "Rights") and the subscription or purchase of  shares in the Company or Rights  are subject to specific legal or regulatory restrictions  in certain jurisdictions. The company assumes no responsibility in the event there is a violation by any person of such restrictions.

This  stock exchange release is  for information purposes only  and has not been approved  by  any  regulatory  authority.  It  is  not  a prospectus, disclosure document  or offering document and  does not purport to  be complete. Nothing in this  stock exchange release should be interpreted as a term or condition of the Rights  Offering.  Investors  should  not  subscribe  for,  purchase,  otherwise acquire,  sell or otherwise  dispose of Rights  and/or ordinary shares except on the basis of information in the prospectus to be published by the company in due course  in connection  with the  Rights Offering  (the "Prospectus") which will contain  further information relating to the company as well as a summary of the risk  factors to  which any  investment is  subject. This stock exchange release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire any securities offered by any person in any jurisdiction in which such an offer or solicitation is unlawful.

The  distribution  of  this  stock  exchange  release and/or the Prospectus into jurisdictions  other than  Norway may  be restricted  by law. Persons into whose possession  this stock exchange release and/or the Prospectus come should inform themselves  about and observe any such  restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Pareto  Securities AS is  acting for the  company and no  one else in connection with  the Rights Offering and  will not be responsible  to anyone other than the company  for providing the  protections afforded to  their respective clients or for  providing advice in relation to the Rights Offering and/or any other matter referred to in this document.

This document and any materials distributed in connection with this document may contain  certain  forward-looking  statements.  By their nature, forward-looking statements  involve  risk  and  uncertainty  because  they reflect the company's current  expectations and assumptions as to future events and circumstances that may  not prove accurate. A number of material factors could cause actual results and  developments to differ materially from  those expressed or implied by these forward-looking  statements, including the risks and uncertainties to be set out in the Prospectus.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)