According to the guidelines for incentive pay adopted by the annual general meeting, the Board of Directors has passed a resolution to grant share options. A total of 59,000 share options will be granted, comprising 23,600 options to the members of the Board of Management and 35,400 options to a group of senior managers. The options can be exercised during the period from November 1, 2012 to November 1, 2016 during the four-week trading windows following the release of annual and interim reports. If the option holders have not exercised their options within the period specified, the options will lapse without any compensation to the holders. The exercise price of the options has been set at DKK 465 each, corresponding to an average of the closing prices of the company's shares on the NASDAQ OMX Copenhagen A/S during the period November 12 - November 18, 2008 (both days included). To this should be added annual interest at the rate of 2.5%, which will be added the first time on November 1, 2010. The exercise price of the options will be adjusted on payment of dividend, to the effect that DKK 1 of dividend per share results in a reduction of the exercise price by DKK 1. The market value of the adopted option plan of 59,000 options is DKK 10.2 million applying the Black & Scholes model for valuation of options. The determination of the value is based on an assumed exercise price of DKK 513, an annual dividend distribution of DKK 5 per share, a volatility rate of 45% p.a. and a risk-free interest rate of 3.6% p.a. Under the international financial reporting standards (IFRS), the option plan will be recognized in the income statement in the respective functional areas over the vesting period. The grant of share options does not change the company's financial forecast. No share options have been granted to members of the Board of Directors. ALK-Abelló A/S Jørgen Worning Chairman Contact person: Jørgen Worning, Chairman of the Board of Directors, tel +45 4576 7405