New share capital registered and information on repair issue

Part two of the private placement, which is comprised of 17,000,000 new shares, has today been registered in the Norwegian Registry of Business Enterprises. The new share capital of Rocksource ASA is NOK 178,071,240 divided on 178,071,240 shares. The 17,000,000 new shares will be assigned to a new and separate ISIN number and are temporarily not tradable awaiting the approval of a listing prospectus by the Oslo Stock Exchange (Oslo Børs). As previously stated, this will not affect the participants in the private placement as they have received tradable shares borrowed by existing shareholders who have agreed to lend out shares in connection with the private placement. The 17,000,000 shares will now be returned to the lenders, and following the approval of the listing prospectus the shares will be transferred to the regular ISIN number and will then be tradable.

Eligible shareholders - existing shareholders as of 9 June that did not participate in the private placement - may subscribe shares in the coming repair issue. The subscription period is expected to start in the end of July and last until 17 August 2009 which is the subscription deadline in the Board resolution dated 10 June 2009. When the listing prospectus has been approved by Oslo Børs the subscription rights will be freely tradable. Following such approval Rocksource will publish a stock exchange notice informing about status and further process. The terms and conditions for the repair issue, including the date for the start of the subscription period, will also be described in the prospectus.

Oslo 23.6.2009
Rocksource ASA

Tommy Sundt
CFO

+47 90 85 50 00