Bewi Invest AS

AGM Information • Jan 26, 2022

BEWI - Notice of extraordinary general meeting

BEWI - Notice of extraordinary general meeting

BEWI ASA hereby calls for an extraordinary general meeting to be held on 16

February 2022 at 11:00 CET.

As previously announced, BEWI has entered an agreement to purchase all issued

and outstanding shares in Jackon Holding AS. Pursuant to the share purchase

agreement entered into with HAAS AS, which owns 50 per cent of the issued shares

in Jackon Holding AS, the consideration to be paid to HAAS AS shall, subject to

an approval from the general meeting, be settled by the issuance of 32,070,000

consideration shares in BEWI. On such basis the board of directors in BEWI

proposes that the general meeting grants it an authorization to increase the

share capital as per the terms set out in the notice of the meeting.

As a result of the above-mentioned share issue HAAS AS (owned by the Akselsen

family) will be the owner of approximately 17 per cent of the shares in the

BEWI. Based on HAAS AS' ownership interest and the industrial competency HAAS AS

represents, the nomination committee has proposed that Andreas M. Akselsen is

elected as a new member of the board of directors of BEWI subject to, and

effective only after the completion of the acquisition of Jackon Holding AS.

It is, furthermore, proposed that the composition of the nomination committee is

amended for it to comply with the recommendations set out in the Norwegian Code

of Practice for Corporate Governance with respect to independence and

impartiality.

The notice of the meeting, including the board of directors' proposed

resolutions, the nomination committee's proposal, notice of attendance, proxy

form and form for advance voting, is attached to this notice.

All documents relevant for the extraordinary general meeting, is made available

on the company's website: www.bewi.com

Due to the ongoing situation relating to the spread of the Covid-19 virus, the

shareholders are encouraged to abstain from appearing in person at the

extraordinary general meeting, but instead participate by casting their votes in

advance or grant the chair of the board of directors (or another person

appointed by him) an authorization to vote, with or without voting instructions

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. The information was submitted for publication,

through the agency of the contact person set out above, at 16:30 CET on 26

January 2022.