Bewi Invest AS

M&A Activity • Oct 3, 2021

BEWI - Shareholder representing 50 per cent of shares in Jackon accepts the offer

BEWI - Shareholder representing 50 per cent of shares in Jackon accepts the offer

With reference to the stock exchange notice issued by BEWI ASA ("BEWI" or the

"Company") on 1 October 2021 regarding its offer to acquire all shares in Jackon

Holding ("Jackon"), BEWI now announces that the Company has received acceptance

of the offer from HAAS AS, a company owned by the Akselsen family holding 50 per

cent of the shares in Jackon. The Akselsen family was one of the founders of

Jackon in 1956.

The Jackon shareholders are offered consideration in the form of cash or new

BEWI shares subject to a 12-months lock-up. HAAS AS has chosen to receive its

consideration in the form of new BEWI shares. The minimum acceptance condition

in BEWI's offer has thereby been fulfilled.

"We have spent the weekend evaluating and discussing the offer, having numerous

conversations, both within the family, but also with representatives from BEWI.

When we now choose to sell our shares to BEWI against settlement in shares, it

means that we as owners want to actively engage in bringing Jackon to the next

level together with BEWI. We believe that our two companies are a very good

industrial match, as we complement each other well and have a lot to learn from

each other. Our choice is based solely on what we believe is the right choice

for the company and its employees," says Andreas M. Akselsen on behalf of his

family.

"We are very excited about Akselsen's decision to join our team in BEWI. Our

families have known each other for years, and we are impressed by how they have

developed Jackon into the company it is today. Now, we have the opportunity to

further strengthen our companies together, a responsibility we are humble to

take on," says Christian Bekken, CEO of BEWI.

For further information (including the terms and other conditions of the offer),

see the stock exchange notice issued by BEWI on 1 October.

Contacts:

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

person set out above, at 22:35 CEST on 3 October 2021.