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Beerenberg

Share Issue/Capital Change Oct 4, 2023

6527_rns_2023-10-04_49005ad2-7aea-4ffb-a619-0af737a02078.html

Share Issue/Capital Change

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Registered Capital Increase

Registered Capital Increase

Reference is made to the stock exchange announcement on 29 September 2023 regarding a decision by the general meeting in Beerenberg AS to increase the share capital. The share capital increase has now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 34,725,000 through issuance of 13,890,000 new shares, each with a par value of NOK 2.50. The new share capital is thus NOK 61,425,000 divided by 24,570,000 shares, each with a par value of NOK 2.50.

For further information:

Arild Apelthun, CEO

Telephone: +47 91 81 92 65, e-mail: [email protected]

Harald Haldorsen, Group CFO

Telephone: +47 98 23 48 34, e-mail: [email protected]

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

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