Bewi Invest AS

Major Shareholding Notification • Feb 18, 2022

BEWI ASA - Mandatory notification of trade

BEWI ASA - Mandatory notification of trade

Reference is made to the announcement made on 27 August 2021 by Frøya Invest AS,

close associate to CEO Christian Bekken and board member Stig Wærnes, whereby

Frøya Invest AS notified a purchase of a total of 6 779 661 shares in BEWI. The

transaction was financed by way of a forward contract.

Reference is furthermore made to the stock exchange notice on 19 November 2021,

whereby Frøya Invest AS and EBE Eiendom AS announced its merger with KMC Family

AS, a close associate to CEO Christian Bekken and board member Stig Wærnes, and

that the above-mentioned forward contract was rolled on the same terms. Since

then, KMC Family AS has changed its name to BEWI Invest AS.

The forward contract has today, 18 February 2022, been rolled on the same terms.

Following this transaction, BEWI Invest AS, holds 97 642 450 shares and votes in

BEWI ASA, equal to 62.35 per cent.

Please see the attached notification in accordance with MAR article 19.