Placement fully subscribed – Shares ex rights today

The Company offered 100 million new shares at a price of NOK 2.60 per share to selected existing shareholders and external institutional investors. The Private Placement has been fully subscribed.

The issue of 100 million new shares will provide gross proceeds of NOK 260 million, of which NOK 25 million in new share capital. The total share capital in Rocksource will increase from NOK 106,466,236.75 to NOK 131,466,236.75. The total number of shares will increase from 425,864,947 to 525,864,947.

Allocation letters will be sent out today. Payment date is set to Friday 23 September 2005.

Completion of the Private Placement is subject to an authorization by the Extraordinary General Meeting (`EGM`) of the capital increase required for the Private Placement and the Subsequent Share Issue to be held on 21 September 2005.

As announced in the press release dated 6 September 2005, Rocksource will also conduct a Subsequent Share Issue reserved for Rocksource shareholders as per 6 September 2005 (`Eligible Shareholders`) who were not invited to subscribe for shares in the Private Placement. As of such, the shares will trade ex the right to participate in the Subsequent Issue as of today.

The Eligible Shareholders will be given a subscription right to participate in a Subsequent Share Issue planned to be executed ultimo September 2005. The maximum size of the Subsequent Issue will be up to 25 million new Shares.

The Eligible Shareholders will be entitled to subscribe for such number of shares as will enable them to maintain their relative ownership in Rocksource following the offerings. Over-subscription will be allowed.

The subscription price in the Subsequent Share Issue will be equal to the price set in the Private Placement.

The Board of Directors in Rocksource is very pleased with the attention and interest received in the market, and the Rocksource management is very grateful for the overwhelming response from the institutional financial market to this equity issue, a response we perceive as trust and belief in the potential of our technology, business model, and management’s ability to execute our strategy.

Oslo, 7 September 2005
Rocksource ASA

Martin Bekkeheien
Managing Director
Tel. +47 95 72 42 31

This stock exchange notice is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. The distribution of this press release and the offer and sale of the securities in certain jurisdictions may be restricted by law. Any persons reading this press release should inform themselves of and observe any such restrictions.

This stock exchange notice is not an offer of securities for sale in the United States. The offer and sale of the securities has not been, and will not be, registered under the United States Securities Act of 1933, as amended. The securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration. There will be no public offering of the securities in the United States.

The Manager is acting solely for the Company in relation to the transaction.

Published: 07.09.2005