Employee share option plan


In connection with the press release dated June 3, 2002 regarding an employee share option plan, an allocation among the employees have been made today, and the following primary insiders were granted:
Ola Lorentzon
20,000 share options; new holding 78,000 share options
Kate Blankenship
15,000 share options, new holding 41,000 share options
Tom E. Jebsen
15,000 share options, new holding 42,500 share options

Hamilton, Bermuda,
June 4, 2002