Volue ASA

Share Issue/Capital Change • Dec 21, 2021

Volue - Share purchase programme for employees 2021

Volue - Share purchase programme for employees 2021

21 December 2021: As announced on 14 December 2021, Volue has established a share purchase programme for employees and has offered participants to purchase shares with a subscription value of NOK 10,000 to NOK 30,000, including a 20% discount. The subscription period was from 15 December to 21 December 2021. The price per share has been set at NOK 54.6810, based on the average volume-weighted share price on the Oslo Stock Exchange from 15 December to 21 December 2021. In total, employees subscribed for 101,547 shares under the share purchase programme. All shares subscribed for under the share purchase programme are subject to one-year lock-up and will be settled with treasury shares.

See attachment for the primary insiders’ notification of the transactions in accordance with the Market Abuse Regulation Article 19.

For further information, please contact:

Ingrid Aarsnes, Head of IR & ESG, Volue, Ingrid.aarsnes@volue.com

About Volue

Volue is a market leader in technologies and services that power the green transition. Based on 50 years of experience, Volue provides innovative solutions, systems and insights to industries critical to society. Over 700 employees work with more than 2,200 customers across energy, power grid, water and infrastructure projects that ensure a sustainable, flexible and reliable future. The company is headquartered in Oslo, Norway and active in 40+ countries. Visit volue.com for more information.

This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading Act.