Norsk Innovasjonskapital AS has engaged Argo Securities and Venturelab as lead managers to facilitate a private placement of up to NOK 150 million by issuing new shares in Norsk Innovasjonskapital AS. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Odin Aero as, a company in which Norsk Innovasjonskapital AS controls 69% of the shares, has successfully completed more than 3,000 kilometers of airborne magnetic survey in Finnmark, Norway on behalf of its client TGS NOPEC. The survey was performed by a Prion 3 Unmanned Air Vehicle (UAV). For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS acquires 25% of the common shares in Wavetrain Systems AS, a company that has developed a unique system that offers security solutions for railway’s, especially for level crossings and unsecured level crossings. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has exercised its remaining options to acquire 4, 222 shares in Nicarnica Aviation AS. Total shareholdings after the transaction is
5, 333 shares representing 34.78% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 1, 940, 000 shares in Wavetrain Systems AS. Total shareholdings after the transaction is 2, 240, 000 shares representing 70.00% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 133.000 shares in Genetic Analysis AS. Total shareholdings after the transaction are 2, 847, 468 shares representing 71.73% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has exercised its remaining option to acquire 1, 111 shares in Nicarnica Aviation AS. Total shareholdings after the transaction is
1, 111 shares representing 7.25% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

HepMarin AS, a company in which Norsk Innovasjonskapital AS holds 53.81% of the common shares, was awarded the prestigious NASF Innovation Award 2011 during the North Atlantic Seafood Forum Innovation Awards in Oslo. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired 20,000 new shares in Light Structures AS. Total shareholdings after the transaction is 33, 882, shares representing 41.54 % of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 1,000,000 shares in Genetic Analysis AS. Total shareholdings after the transaction are 3,847,468 shares representing 77.42% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 675,000 shares in Clarity Water Treatment Systems AS. Total shareholdings after the transaction is 1,569,547 shares representing 40,01 % of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 122,500 shares in Lenco Systems AS. Total shareholdings after the transaction is 509,600 shares representing 49,00% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 2,903,796 shares in Wavetrain Systems AS. Total shareholdings after the transaction is 5,471,796 shares, representing 88.25% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

WaveTrain Systems has been awarded a contract with the Norwegian Railroad Authority (Jernbaneverket). The contract is in two stages where the first stage is a verification/test project. After first stage the contract will be transferred into a Frame Agreement for the unsecured and exposed level crossings in Norway.

Norsk Innovasjonskapital AS has acquired an additional 1,307,000 shares in Genetic Analysis AS. Total shareholdings after the transaction is 5,781,135 shares representing 83,22% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 10,500 shares in Light Structures AS. Total shareholdings after the transaction is 44,382 shares representing 47,18% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired 685,502 shares in Hybrid Energy AS from IFE Venture AS. Total shareholdings in Hybrid Energy AS after the transaction is 1,360,281 shares, representing 71.05 % of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 1,300,000 shares in Genetic Analysis AS. Total shareholdings after the transaction is 7,081,135 shares, representing 85,11% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.

Norsk Innovasjonskapital AS has acquired an additional 626,667 shares in Genetic Analysis AS. Total shareholdings after the transaction is 5,781,135 shares, representing 83,22% of the total shares in the Company. For more information, please contact CFO Sverre Slåttsveen, Televenture Management.