Eqva ASA

Major Shareholding Notification • Oct 17, 2024

Eqva ASA: Redelivery of borrowed shares to close associate of primary insider

Eqva ASA: Redelivery of borrowed shares to close associate of primary insider

Valen, 17 October 2024: Reference is made to the stock exchange announcement by Eqva ASA (the "Company") on 15 October 2024 regarding the registration of a share capital increase pertaining to the private placement of 2,422,500 new shares in the Company (the "Private Placement"), raising gross proceeds of NOK 11,628,000.

Further reference is made to the stock exchange announcement on 3 October 2024 regarding notification of transaction by close associate of primary insiders and disclosure of share lending. Nintor AS has lent existing and unencumbered shares in the Company to Clarksons Securities AS and Fearnley Securities AS for the Private Placement (the "Managers") that have been used for settlement towards investors (excluding Nintor AS) having been allocated shares in the Private Placement.

Following the registration of the share capital increase pertaining to the Private Placement, the Managers have redelivered a total of 3,125,000 borrowed shares to Nintor AS. In addition, the Managers have delivered 260,416 shares allocated to Nintor AS in the Private Placement.

During the term of the share loan, and prior to the redelivery, Nintor AS' shareholding was reduced to 5,344,323 shares (including 260,416 shares allocated to Nintor AS in the Private Placement), equivalent to approximately 7.79% of the issued share capital and votes. Upon redelivery of the borrowed shares, Nintor AS' shareholding in the Company is 8,729,739 shares, equivalent to approximately 11.73% of the issued share capital and votes. Consequently, Nintor AS has crossed the 10% threshold pursuant to section 4-2 (1) and (3) of the Norwegian Securities Trading Act.

Nintor AS is a company closely associated with Tore Thorkildsen, board member of the Company. Primary insider notification pursuant to the Market Abuse Regulation article 19 is attached.

For more information, please contact:

Even Matre Ellingsen, CEO

Phone: +47 990 05 500

Petter Sørdahl, CFO

Phone: +47 917 56 147

This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act section 5-12.

About Eqva ASA

Eqva ASA is a knowledge-based active owner of engineering, construction and service companies that contribute to the green transition in maritime, power intensive and renewable industries.

The group has a well-diversified product and market portfolio, and further growth will be established through a combination of company-based development, utilization of synergies between the companies in the group as well as value-creating M&A activities.

Key companies in the group are BKS and Fossberg Kraft, each building on decades of experience and widely recognized by clients in a broad range of industries.