Kaldvik AS

Request to hold an extraordinary general meeting

Today, on 4 June 2025, Kaldvik AS (the "Company") received a request from

shareholders representing approximately 30% of the shares, to hold an

extraordinary general meeting to consider a proposal to open an investigation

relating to the agreement entered into between the Company, Heimstø AS and Osval

ehf. to acquire 100% of the shares in Mossi ehf., Djupskel ehf., and 33.3% of

the shares in Bulandstindur ehf., which was completed on 25 March 2025 and which

the shareholders received additional information about in the shareholder

meeting held on 24 March 2025. The transaction is further described in separate

stock exchange notices from 20 December 2024, 28 February 2025 and 25 March

The proposal requests that further information is provided inter alia about the

valuations and the due diligence reports developed in connection with the

transaction. The Company will call for an extraordinary general meeting for this

purpose, in accordance with the requirements of the Norwegian Private Limited

Companies Act. If 10% or more of the share capital represented at the meeting

votes in favor, the shareholders may request that an investigation is opened.

The outcome of an investigation, if opened, is difficult to predict.

Contacts:

Roy Tore Rikardsen, CEO of Kaldvik AS

Róbert Róbertsson, CFO of Kaldvik AS

+354 843 0086 (mobile), [email protected]

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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