Arendals Fossekompani

Pre-Annual General Meeting Information • Apr 12, 2023

Integrated Annual Report for 2022, Notice of Annual General Meeting 2023

Integrated Annual Report for 2022, Notice of Annual General Meeting 2023

Today, Arendals Fossekompani published its Integrated Annual Report for 2022. The report is compliant with the Global Reporting Initiative (GRI).

“In a busy 2022, Arendals Fossekompani completed various structural and strategic actions, including acquisitions of energy storage specialist Commeo and induction charging expert IPT Technology. We continued developing an advanced technology and industry portfolio that is positioned in high-growth global megatrends and aligned with global sustainable development goals for 2030,” says Lars Peder Fensli, Interim CEO of Arendals Fossekompani.

With the acquisition of Commeo, Arendals Fossekompani established the company Ampwell, which will combine hardware from Commeo with technology from start-up Cellect Energy, to build an eco-system for battery technology and a Battery-as-a-Service business model.

IPT Technology was acquired and grouped with EFD Induction in a company called Evolgy, now rebranded as ENRX. ENRX combines EFD Induction’s global market leadership in industrial induction heating systems (Heat) with IPT Technology’s leading technology in the high growth market for wireless induction charging solutions for mobility and industrial applications (Charge).

Today, Arendals Fossekompani also published separate reports on the EU Taxonomy, Climate-Risk, Carbon Accounting, Human Rights, Activity & Reporting Obligations, and Remuneration. All reports are published on our website: https://arendalsfossekompani.no/en/investor-relations/reports-and-presentations.

Arendals Fossekompani is calling for an ordinary Annual General Meeting. The AGM will be held digitally on 4 May 2023 at 17:00.

Arendals Fossekompani | www.arendalsfossekompani.no

Arendals Fossekompani (AFK) is an industrial investment company that combines industrial, technological, and capital markets expertise to identify and develop opportunities for value creation. AFK operates globally in several future-oriented industries, including 3D printing, wireless charging, algo trading, satellite services, battery- and solar technology, software, and digitization. Established in 1896, AFK has been a proud producer of renewable hydro power for more than 100 years. The company is headquartered in Arendal, Norway and listed at the Oslo Stock Exchange.

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This stock exchange announcement was published by Lars Peder Fensli, acting CEO and CFO,

Arendals Fossekompani ASA, on 12 April 2023 at 08:00 CET.