AKVA group ASA negotiated a binding Letter of Intent with TM Software hf of Iceland at on 21 December 2006 to acquire all shares in Maritech International AS (formerly TM Software AS, company name change in February 2007), including its subsidiaries in Norway, Chile, UK and USA, and the assets of the businesses of Maritech hf in Iceland (collectively the "Companies"). Reference is made to the stock exchange announcement on 21 December 2007 which provides more information.