Navamedic ASA has today completed a private placement of 750,000 shares at a subscription price of NOK 12.08 per share. The increase in share capital has been carried out in accordance with the authorization given by the company's annual general meeting 14 April 2011.
The private placement was directed at the company's largest existing shareholders. Total proceeds of the offer was NOK 9.060.000 The net proceeds will be used to further develop the company's generics business area in line with the company's strategy.
Allocation letters will be issued to subscribers having been allocated new shares today, and payment for the allocated shares will take place on or about 24 February 2012. The share capital increase will be registered in the Norwegian Register of Business Enterprises end of r about 29 February 2012, and the new shares will be traded on Oslo Stock Exchange on or about 1 March 2012.
The share capital of Navamedic ASA following the registration of the share capital increase in the Norwegian Register of Business Enterprises will be NOK 8,287,051 divided into 8,287,051 shares with par value NOK 1.00 per share.

Oslo, 16 February 2012
Navamedic ASA
For further information, please contact: Bjørn Lindholt, CFO, mobile: +47 930 066 01

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)