Beerenberg

Regulatory Filings • Apr 9, 2024

Correction: Beerenberg wins sizeable contract in Brazil

Correction: Beerenberg wins sizeable contract in Brazil

Bergen, April 9th, 2024: Beerenberg has signed a new (1) sizeable contract with Equinor Energy AS.

The contract covers specialized robotic surface treatment on the Peregrino FPSO located offshore Brazil and is worth between NOK 50 and NOK 100 million with planned commencement in April 2024. The Contract is the third for similar services to Equinor Brasil Energia Ltda.

Arild Apelthun, CEO at Beerenberg said: "This is a complicated project where robotic solutions enable safe and efficient maintenance. We continue to push technical boundaries in our quest to solve complex maintenance challenges and are looking forward to collaborating with Equinor and our partners on this project.”

(1) A sizeable contract is defined to be between NOK 50 million and NOK 100 million.

(2) A substantial contract is between NOK 100 million and NOK 200 million.

(3) A large contract is over NOK 200 million.

For further information, please contact:

Harald Haldorsen, CFO Beerenberg AS

Phone: +47 982 34 834

E-mail: harhal@beerenberg.com

About Beerenberg AS

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 robotic services and 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, Singapore, and Brazil.

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