29 May 2000  

The IT security company Norman ASA is applying to transfer its listing to the main listing of the Oslo Stock Exchange. The company is currently listed on the small and medium sized company listing.

There are a number of reasons why the company is now looking to be transferred to the main stock exchange listing. - During the course of the last year, Norman ASA has experienced a significant change in both the company's financial situation as well as in its shareholding structure. This is largely due to a restructuring of company management as well as the implementation of a new business strategy following the election of a new board of directors in November 1998. These positive changes are seen to be fundamental and will have a long-term impact on the company's future business development, says Bjørn Fosli, President & CEO of Norman ASA.

Positive share price development

- In addition to this, the company has recently attracted increased attention both in the financial and investor markets. Increased market share and the unprecedented development in the share price over the last 6 months has prompted the board of directors of Norman ASA to seek a transfer to the main Oslo Stock Exchange listing, says Fosli. He further emphasises that this is an application which the board of directors of the Oslo Stock Exchange must first approve. The next board meeting will be held on the 20th June.

For further information, please contact

Norman ASA, Chairman of the board, Svein Ramsay Goli, mobile: +47-907-56-757 Norman ASA, President & CEO, Bjørn Fosli, tlf: 67 10 97 17, mobile: +47-905-18-468