Beerenberg

M&A Activity • Dec 18, 2017

Beerenberg Holdco II AS resolves an intra-group merger

Beerenberg Holdco II AS resolves an intra-group merger

The board of directors and shareholders' meeting of Beerenberg Holdco II AS (the Company) have resolved today to merge the Company with its parent holding companies Beerenberg Holdco I AS and Beerenberg Invest AS with the Company as the surviving entity. The merger is not expected to have any significant impact on the Company's financial position, including its ability to serve its obligations under its listed bond loan, nor will it influence the Beerenberg group's operations in any manner.

The merger is aimed at simplifying the Company's structure as part of its assessment of strategic alternatives, including a potential initial public offering on the Oslo Stock Exchange. The assessment is still in an early stage and the outcome of it is uncertain.

DNB Markets has been retained as the Company's financial advisor while Wikborg Rein Advokatfirma AS is retained as the company's legal counsel.

For further information, please contact:

Ole Klemsdal, Vice President Communications,

tlf. (+47) 91101791, ok@beerenberg.com

Arild Apelthun, CFO,

tel. (+47) 91819265, arild.apelthun@beerenberg.com

Bergen, 18 December 2017

Beerenberg Holdco II AS

This information is subject of the disclosure requirements pursuant to section 3-3 of the Bond Rules of Oslo Børs.