Weifa ASA: Ex reverse split and mandatory notification of trade

Reference is made to the extraordinary general meeting in Weifa ASA (the "Company") on 25 September where it was resolved to carry out a reverse split of the Company's shares in a 2:1 ratio.

The Company has decided that the shares shall be listed ex. reverse split and with a new nominal value as of and including 15 October 2015. This entails that every two shares held by the Company's shareholders as of 14 October 2015 (as registered in the shareholder register in the VPS on 16 October 2015) gives one share following the reverse split. After the completion of the reverse split, the Company will have 793 301 723 shares outstanding, each with a nominal value of NOK 0.30.

In order to facilitate the rounding up of shareholdings not divisible by two, the Company has today purchased 1,000 own shares at a share price of NOK 0.64. Following the trade, the Company holds 1,000 own shares.

Contact:
Simen Nyberg-Hansen
CFO
+47 9820 6355
simen.nyberg-hansen@weifa.no