Weifa ASA : MANDATORY NOTIFICATION OF TRADE

MANDATORY NOTIFICATION OF TRADE

Reference is made to announcement from Weifa ASA on 18 December 2015 regarding the completion of a private placement of new shares.

The following management and board member primary insiders in Weifa ASA have subscribed for and been allocated shares in the private placement at a subscription price of NOK 1.00 per share (holding after the transaction in parenthesis):

Kathrine Gamborg Andreassen, CEO - 2,000,000 shares (2,000,000 shares and 6,606,509 share options)
Simen Nyberg-Hansen, CFO - 2,000,000 shares (2,000,000 shares and 3,606,509 share options)
Astrid Bratvedt, VP R&D - 1,000,000 shares (1,000,000 shares and 3,606,509 share options)
Ole Henrik Eriksen, COO - 500,000 shares (500,002 shares and 3,606,509 share options)
Morten Hovland Sand, VP Sales - 350,000 shares (375,242 shares and 3,606,509 share options)

Siri Mangschou a board member of Weifa - 200,000 shares (200,000 shares).
Thomas Settevik a board member of Weifa, through Mutus AS, a company controlled by Mr Settevik - 1,500,000 shares (1,500,000 shares).