Bewi Invest AS

M&A Activity • Jul 1, 2022

BEWI - Closing of the Jackon transaction

BEWI - Closing of the Jackon transaction

With reference to previous stock exchange notices about BEWI's acquisition of

Jackon Holding, including 1 October 2021 and 15 October 2021, as well as

published financial reports since then, BEWI today announces that the company

has now received approval, in case of Finland and Norway with certain

conditions, from all the relevant competition authorities to close the Jackon

transaction. The approval in Finland is conditional upon divestment of two

smaller insulation facilities and the approval in Norway is conditional upon

divestment of two smaller fish box facilities in northern Norway. In total,

revenues for the four facilities represent less than 2 per cent of the combined

company's annual turnover.

BEWI has also received approvals from the Swedish and German competition

authorities.

The divestment of the four facilities will be conducted at market terms and the

total consideration is expected to be approximately EUR 15 million.

Final closing of the Jackon transaction is expected to take place in August

2022, following completion of the divestments.

BEWI maintains its previously communicated expectations of synergies of at least

EUR 12 to 15 million.

For further information, please contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756

1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation

solutions. The company's commitment to sustainability is integrated throughout

the value chain, from production of raw materials and end goods, to recycling of

used products. With a vision to protect people and goods for a better every day,

BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

The information is such that BEWI ASA is required to disclose in accordance with

the EU Market Abuse Regulation and is subject to the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading Act. The

information was submitted for publication, through the agency of the contact

persons set out above, at 14:00 CEST on 1 July 2022.