Eqva ASA

Share Issue/Capital Change • Oct 11, 2024

Revised private placement completed

Revised private placement completed

Valen, 10 October 2024: Reference is made to the stock exchange announcement by Eqva ASA (the "Company") 10 October 2024 07:55 (CEST) (Update on completion of private placement).

The Company and the Managers have been in contact with the subscribers in the Private Placement and hereby announces that the private placement will be completed by raising gross proceeds of a total of NOK 11,628,000.

“We are pleased that key investors have reconfirmed their commitment to provide new equity to the company. As stated before, we are continuously looking at smaller and medium-size expansion opportunities and intends to use the proceeds both for identified and future transactions,” said Even Matre Ellingsen, CEO of Eqva ASA.

The Company has adjusted allocations in the private placement to allocate 2,422,500 offer shares (the "Offer Shares") each at a price per Offer Share of NOK 4.8 (the "Offer Price"). Primary insiders in the Company and close associates of primary insiders maintain their initial subscription and are allocated Offer Shares in the Private Placement at the Offer Price as follows: Nintor AS (close associate of Tore Thorkildsen, board member of the Company) was allocated 260,416 Offer Shares, Neve Eiendom AS (close associate of Even Matre Ellingsen, the Company's CEO) was allocated 104,166 Offer Shares, South Valley Invest AS (close associate of Petter Sørdahl, the Company's CFO) was allocated 41,666 Offer Shares.

Following registration of the share capital increase, the Company will have a share capital of NOK 3,720,490.80 divided into 74,409,816 shares, each with a par value of NOK 0.05.

For further information, please contact:

Even Matre Ellingsen, CEO

Phone: +47 990 05 500

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock exchange announcement was published by Petter Sørdahl, CFO in Eqva ASA, at the time and date stated above in this announcement.