The Board of Software Innovation notes that shareholders representing 38.02% of the shares have accepted to sell their Shares at the offered price of NOK 5.50 per share.
The Board is positive to Borea`s entry as a new substantial shareholder in the company, and to the fact that an offer for all shares will be made. The Board has engaged ABG Sundal Collier Norge ASA as financial advisor in relation to the Offer. ABG Sundal Collier Norge ASA will assist the Board in assessment of the Offer, and provide an opinion of the fairness of the offered share price.
The Board will inform the shareholders and the market about the outcome of such an assessment, together with any other information the Board shall provide in accordance with section 6-16 in the
Securities Trading Act, no later than one week prior to the expiry date of Borea`s Offer.
Lysaker, December 2nd 2008
Peter Pay
Chairman of the Board