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TSO private placement of shares

14:00 28/11/2003

A private placement of shares in Total Sports Online ASA ("TSO") was resolved by a board resolution dated 25 November 2003. The resolution was made pursuant to a board authorisation granted by the 7 May 2003 EGM.

The share capital in the Company increases with NOK 500,000 through the issuance of 2 million new shares, each having a par value of NOK 0.25. The subscription price per share is NOK 6, and the total subscription amount is therefore NOK 12 million.

Following the share issue, the share capital in TSO is NOK 2,905,043.25 consisting of 11,620,173 shares, each having a par value of NOK 0.25.

The share capital increase will be registered in the Norwegian Register of Business Enterprises, and shares will be issued to the subscribers in the VPS, as soon as reasonably practicable.