Energeia AS

Share Issue/Capital Change • Mar 20, 2025

Energeia AS – Final result in the subsequent offering

Energeia AS – Final result in the subsequent offering

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 20 March 2025:

Reference is made to the stock exchange announcement published by Energeia AS (the "Company") on 19 March 2025, regarding the last day of the subscription period in the subsequent offering (the "Subsequent Offering") of minimum 100,000,000 and maximum 556,166,380 new shares in the Company ("Offer Shares"), each at a subscription price of NOK 0.05 per share, raising gross proceeds of up to NOK 27.8 million.

The subscription period for the Subsequent Repair Offering expired yesterday, 19 March 2025, at 16:30 CET.

By the end of the subscription period, the Company had received valid subscriptions for 100,000,000 Offer Shares in the Subsequent Offering, from 74 subscribers, including Eidsiva Vekst AS and Obligo Nordic Climate Impact Fund OB who together subscribed for 59,121,460 Offer Shares pursuant to the minimum guarantee.

The board of directors of the Company has today, on 20 March 2025, resolved to allocate and issue a total of 100,000,000 Offer Shares in accordance with the allocation principles set out in the extraordinary general meeting's resolution and as included in the prospectus pertaining to the Subsequent Offering dated 10 March 2025 (the "Prospectus").

The Company will consequently raise NOK 5,000,000 in gross proceeds through the Subsequent Offering.

Notifications of allocated Offer Shares in the Subsequent Repair Offering and the corresponding subscription amount to be paid by each subscriber are expected to be distributed today, on 20 March 2025. The subscription amount for allocated Offer Shares is due for payment by the subscribers on 25 March 2025, in accordance with the payment procedures set out in the Prospectus. Subject to timely payment of the Offer Shares by the subscribers, the share capital increase pertaining to the Subsequent Offering is expected to be registered in the Norwegian Register of Business Enterprises ("NRBE") on or about 28 March 2025.

The Offer Shares will be registered in the Norwegian central securities depository, Euronext Securities Oslo ("VPS") in book-entry form and are expected to be delivered to the subscribers’ VPS account on or about 28 March 2025 subject to timely registration of the share capital increase pertaining to the Subsequent Offering with the NRBE. First day of trading of the Offer Shares on Euronext Growth Oslo is expected to be on or about 28 March 2025.

Following completion of the Subsequent Offering, the Company's share capital will be NOK 12,384,306.24, divided into 619,215,312 shares, each with a nominal value of NOK 0.02. The Company will publish a separate stock exchange announcement once the share capital increase has been registered with the NRBE.

For further information, please contact:

Jarl Egil Markussen, CEO, e-mail: jarl@energeia.no and tel: +47 480 23 214

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities