Bewi Invest AS

Major Shareholding Notification • Sep 11, 2025

BEWI ASA: Mandatory notifications of trade and disclosure of large shareholding (share lending) - Tranche 2 of Private Placement

BEWI ASA: Mandatory notifications of trade and disclosure of large shareholding (share lending) - Tranche 2 of Private Placement

Reference is made to the stock exchange announcement made by BEWI ASA ("BEWI" or

the "Company") on 20 August 2025 regarding the successful private placement

raising gross proceeds of NOK 896 million (the "Private Placement") by the

allocation of new shares (the "Offer Shares") at a subscription price of NOK

20.00 per Offer Share (the "Offer Price"). Reference is further made to the

Company's stock exchange announcement earlier today regarding the resolution by

the extraordinary general meeting of the Company to inter alia issue 6,455,542

new shares in tranche 2 of the Private Placement (the "Share Capital Increase").

The following close associates of primary insiders in BEWI have been allocated

Offer Shares at the Offer Price in tranche 2 of the Private Placement as set out

below:

- BEWI Invest AS, close associate of Christian Bekken (CEO), has been allocated

5,583,207 Offer Shares in tranche 2;

- HAAS AS, close associate of Andreas Mjølner Akselsen (board member), has been

allocated 68,668 Offer Shares in tranche 2;

- Kverva Industrier AS, close associate of Pernille Skarstein (board member),

has been allocated 362,560 Offer Shares in tranche 2; and

- Calea AB, close associate of Kristina Schauman (board member), has been

allocated 2,747 Offer Shares in tranche 2.

Furthermore, to facilitate DVP settlement of the Offer Shares allocated to

investors in tranche 2 of the Private Placement, except for to BEWI Invest AS,

BEWI Invest AS has lent a total of 872,335 existing and unencumbered shares in

BEWI (the "Share Loan") already admitted to trading on Euronext Oslo Børs to DNB

Carnegie, a part of DNB Bank ASA, acting as settlement agent on behalf of the

Managers (as defined below), pursuant to a share lending agreement.

Prior to the Share Capital Increase, BEWI Invest AS held 115,263,441 shares in

the Company (representing ~50.10% of the issued shares and votes). Following

registration of the Share Capital Increase with the Norwegian Register of

Business Enterprises, settlement of the Share Loan, and delivery of the Offer

Shares allocated to BEWI Invest AS in tranche 2 of the Private Placement, BEWI

Invest AS will hold 120,846,648 shares in the Company (representing ~51.09% of

the issued shares and votes). Due to the Share Loan and until the Share Capital

Increase has been registered, BEWI Invest AS will temporarily reduce its

shareholding to 114,391,106 shares, equivalent to ~49.72% of the issued shares

and votes. BEWI Invest AS does not have any rights to further shares or votes in

the Company.

For more information about the Private Placement, please refer to BEWI's stock

exchange announcements of 20 August 2025.

Please see further details in the attached notifications of trade.

DNB Carnegie, a part of DNB Bank ASA, and Nordea Bank Abp, filial i Norge, acted

as joint bookrunners in the Private Placement (jointly, the "Managers").

This information is subject to the disclosure requirements pursuant to the

Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3 and section 4-2

of the Norwegian Securities Trading Act.