Beerenberg

Capital/Financing Update • Mar 10, 2023

Mandate Announcement and Fixed Income Investor Meetings

Mandate Announcement and Fixed Income Investor Meetings

Beerenberg AS has mandated SpareBank 1 Markets AS to arrange a series of fixed income investor meetings commencing on Monday 13 March 2023. A NOK 400 million 4-year senior secured bond issue may follow, subject to inter alia market conditions. If successful, net proceeds from such transaction together with a new NOK 250 million Term Loan with SpareBank 1 SR-Bank and cash on balance sheet will be used to refinance the existing senior secured bond issue with ticker BBERG03 (ISIN NO0010904782) and for general corporate purposes.

Subject to completion of the contemplated new bond issue, Beerenberg will call the remaining outstanding bonds under BBERG03.

For further information, please contact:

Harald Haldorsen, CFO, +47 982 34 834

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Beerenberg:

Beerenberg Services 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