Beerenberg

AGM Information • Nov 20, 2024

EXTRAORDINARY GENERAL MEETING HELD – RESOLUTION TO APPLY FOR DELISTING OF SHARES OF BEERENBERG AS

EXTRAORDINARY GENERAL MEETING HELD – RESOLUTION TO APPLY FOR DELISTING OF SHARES OF BEERENBERG AS

20 November 2024: Reference is made to the announcement made earlier today regarding the compulsory acquisition of all shares of Beerenberg AS ("Beerenberg" or the "Company") not already owned by Altrad Investment Authority S.A.S. ("Altrad"), following completion of the unregulated voluntary cash offer by Altrad to acquire all outstanding shares in the Company (the "Offer").

An extraordinary general meeting of the Company (the "EGM") has today resolved to apply for a delisting of the shares of Beerenberg from Euronext Growth Oslo. Accordingly, the Company will apply for a delisting of its shares from Euronext Growth Oslo as soon as possible.

The EGM also resolved to elect a new board of directors of the Company and to compensate the former board members for the period from the annual general meeting on 30 May 2024 to completion of the Offer in accordance with the transaction agreement entered into between Altrad and the Company on 21 August 2024 regarding the Offer.

The minutes from the EGM are attached to this announcement.

For further information, please contact:

Harald Haldorsen, CFO

Tel. +47 982 34 834

E-mail: harhal@beerenberg.com

About Beerenberg

Beerenberg has delivered cost efficient solutions to a wide range of industrial enterprises for 47 years. Beerenberg is one of the leading suppliers of maintenance and modifications services on the Norwegian Continental Shelf as well as a global provider of insulating products. The group's expertise covers the entire life cycle of the petroleum industry from field studies and newbuilds to maintenance, modifications, and lifetime extensions. The operational activities are organized in Beerenberg Services and its subsidiaries. Headquartered in Bergen, Beerenberg has offices in Stavanger and Skien in Norway and in Poland, UK, South-Korea, Thailand, Brazil, and Singapore.

To learn more, please visit www.beerenberg.com.