Elmera Group ASA

Remuneration Information • Feb 17, 2022

Fjordkraft Holding ASA: Exercise of employee share options

Fjordkraft Holding ASA: Exercise of employee share options

Exercise of employee share options in Fjordkraft Holding ASA ("the Company").

Employees in the Company have on 16 February exercised 50 000 options. The options had an average strike price of NOK 24.30. Each share option corresponds to one share. Pursuant to authorization granted by the Company’s Annual General Meeting the Company’s share capital will be increased by NOK 15 000 by issuing 50 000 new shares, of par value NOK 0.30. Following the increase, the Company’s share capital is NOK 34 305 540 divided into 114 351 800 shares.

2. Options exercised by primary insiders 16 February 2022:

Jeanne Tjomsland has exercised 40 000 options in the Company, corresponding to

40 000 shares at the strike price of NOK 24.30.

3. Transfer of rights

On 16 February 2022, the primary insider mentioned above transferred the rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. The payment has been determined based on a selling price of NOK 36.8525

4. New holding

After exercising options, Jeanne Tjomsland holds 80 000 unexercised options in the Company, corresponding to 80 000 shares. 20 000 options have a strike price of NOK 24.30, 20 000 options have a strike price of NOK 61.50, 20 000 options have a strike price of NOK 74.50 and 20 000 options have a strike price of 37.00. After completion of the abovementioned transactions, the primary insider holds 23 428 shares in the Company.

For further information, contact:

Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526