Changes in share capital

Year	Transaction	Change in number of shares	Change in share capital	Totalt aktiekapital	Totalt antal aktier
2016	Reverse split	-120,610,066	0	5 360 447	13 401 118
2014	New share issue	12,855,000	514,200	5 360 447	134 011 184
2012	New share issue	4,900,000	196,000	4 846 247	121 156 184
2007	Convertible	7,614,555	304,582	4 345 665	108 641 629
2007	Offset issue	746,193	29,848	4 315 817	107 895 436
2007	Non-cash issue	2,961,085	118,443	4 197 374	104 934 351
2007	New share issue	22,500,000	900,000	3 297 374	82 434 351
2006	New share issue	3,703,704	148,148	3 149 226	78 730 647
2006	Offset issue	764,000	30,560	3 118 666	77 966 647
2006	Non-cash issue	11,579,784	463,191	2 655 475	66 386 863
2006	Offset issue	7,379,756	295,190	2 360 284	59 007 107
2006	New share issue	22,127,665	885,107	1 475 178	36 879 442
2005	Non-cash issue	465,370	18,615	1 456 563	36 414 072
2005	Non-cash issue	500,000	20,000	1 436 563	35 914 072
2005	New share issue	17,957,036	718,281	718 281	17 957 036
2004	Offset issue	612,400	24,496	693 785	17 344 636
2004	New share issue	1,515,000	60,600	633 185	15 829 636
2003	Offset issue	1,311,936	52,477	580 708	14 517 700
2003	Bonus issue	–	414,525	552 700	13 817 500
2003	New share issue	189,000	1,890	138 175	13 817 500
2003	Offset issue	836,530	8,365	136 285	13 628 500
2003	New share issue	1,263,470	12,635	127 919	12 791 970
2003	Offset issue	305,900	3,059	115 285	11 528 500
2003	New share issue	294,100	2,941	112 226	11 222 600
2003	Offset issue	52,500	525	109 285	10 928 500
2002	New share issue	126,000	1,260	108 760	10 876 000
2002	New share issue	750,000	7,500	107 500	10 750 000
2001	Company formed	10,000,000	100,000	100 000	10 000 000