Eqva ASA

Remuneration Information • Jan 26, 2023

Eqva – Grant of shares and share options in incentive programs

Eqva – Grant of shares and share options in incentive programs

Reference is made to the press release on 30 November 2022, announcing that Eqva ASA’s ("Eqva" or the “Company”) Board of Directors had approved the final details of a proposed employee incentive scheme, including the three following elements:

-Share option program (SOP)

-Bonus incentive program (BIP)

-Employee share program (ESP)

As part of the SOP, a total of 1,180,000 share options have been granted at a strike price of NOK 3.0131. Share options have been granted to the following primary insiders:

- Erik Høyvik, CEO, has been granted 100,000 share options. Following the grant, Høyvik holds a total of 100,000 share options in the Company.

- Eirik Sævareid, CFO, has been granted 100,000 share options. Following the grant, Sævareid holds a total of 100,000 share options in the Company.

- Tom Jensen, CEO Fossberg Kraft, has been granted 100,000 share options. Following the grant, Jensen holds a total of 100,000 share options in the Company.

- Anne Bruun Olsen, Board Member, has been granted 100,000 share options. Following the grant, Bruun Olsen holds a total of 100,000 share options in the Company.

- Ellen Hanetho, Board Member, has been granted 100,000 share options. Following the grant, Hanetho holds a total of 100,000 share options in the Company.

See attachment for further details about the grant of options to each primary insider.

Following the grant, the total number of outstanding options in Eqva are 1,080,000.

As part of the ESP, Eqva has on 23 January 2023 sold 107,863 own shares to employees at an average subscription price of NOK 2.4105 per share. The subscription price was based on the volume-weighted average share price on the period between 1 December to 31 December 2022, to which a 20 per cent discount was applied.

The following primary insider has subscribed for shares under the ESP:

- Eirik Sævareid, CFO, has subscribed for 8,297 shares under the ESP. Following completion of the transaction, Sævareid will hold 58,297 shares in the Company.

See attachment for primary insider notification pursuant to the EU Market Abuse Regulation Article 19.

Following the completion of the transaction under the ESP, the Company has a holding of 275,636 own shares.

For more information, please contact:

Erik Høyvik, Chief Executive Officer: +47 916 83 173

Eirik Sævareid, Chief Financial Officer: +47 992 74 637

Eqva ASA in brief

Eqva ASA is a knowledge-based active owner of engineering, construction and service companies that contribute to the green transition in maritime, power intensive and renewable industries. It aims to become a fully integrated service and maintenance supplier for the Norwegian landbased and maritime industry.

The group has a well-diversified product and market portfolio, and further growth will be established through a combination of company-based development, utilization of synergies between the companies in the group and value-creating M&A activities.

Key companies in the group are BKS Industri, Havyard Leirvik and Fossberg Kraft, each building on decades of experience and widely recognised by clients in a broad range of industries.

Read more on www.eqva.no

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