Beerenberg

Share Issue/Capital Change • Oct 24, 2023

Beerenberg AS – Stabilisation measures taken

Beerenberg AS – Stabilisation measures taken

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Beerenberg AS - Stabilisation measures taken

Bergen, 24 October 2023: Reference is made to the stock exchange announcement by Beerenberg AS («Beerenberg» or the "Company", OSE ticker “BBERG”) on 5 October 2023 where the Company announced the beginning of the stabilisation period related to the completion of the private placement (the “Offering”) and the subsequent admission to trading of the Company’s shares on Euronext Growth Oslo.

The Company has received notification that SpareBank 1 Markets AS, acting as stabilisation manager in the Offering, has taken the stabilisation measures set out in the attached notifications with respect to the shares of the Company.

For further information, please contact:

Harald Haldorsen, CFO

Tel. +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 more than 40 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, and Singapore. www.beerenberg.com

To learn more, please visit www.beerenberg.com