IDEX – Private placement NOK 11.9 million completed

In order to provide additional liquidity to the company and to meet the conditions for listing of the IDEX shares at Oslo Axess, IDEX ASA has completed a private placement of shares under the authorisation to the board of directors resolved by the extraordinary general meeting on 12 August 2009.

Up to and  including 10 March 2010, IDEX had received subscriptions for 9,877,500 shares at NOK 1.20 per share, in total NOK 11,853,000. For the avoidance of doubt, it is stated that the number of warrants and the price is stated as at 10 March 2010, i.e. after the share consolidation that took effect on 10 March 2010.

The board of directors has accepted the subscriptions and resolved to issue the shares. The share capital will increase by NOK 1,481,625.00 NOK to NOK 31,557,433.50.

IDEX’ equity and liquidity will increase by NOK 11.9 million.

Following the issue of the shares, the company’s share capital will amount to NOK 31,557,433.50 divided into 210,382,890 registered shares at NOK 0.15.

11 March 2010

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