Eqva ASA

Share Issue/Capital Change • Oct 10, 2024

Update on completion of private placement

Update on completion of private placement

Valen, 10 October 2024: Reference is made to the stock exchange announcement by Eqva ASA (the "Company") on 3 October 2024 (Private placement successfully completed), 9 October 2024 18:48 (CEST) (Mandatory notification of trade) and 9 October 2024 19:00 (CEST) (Mandatory notification of trade).

As informed, Rune Skarveland (chairman of the board of the Company) and Trond Narve Skarveland (board member of the Company) and their respective closely associated investment companies Eikestø AS, Eikestø Eiendom AS, Fureneset Eiendom AS and Fureneset Invest AS has transferred all of their 15.9 million (21.2 percent) shares in the Company to Nordic Corporate Bank following enforcement of security provided under two default loan facilities.

As the share capital increase has not been registered and gross proceeds has not been released to the Company, the Company is evaluating together with the managers and subscribers involved in the private placement to determine whether the gross proceeds can be released to the Company in light of the newly available information on share transfer from primary insiders and their close relatives.

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.