ABL Group — Share Issue/Capital Change 2019

Jul 4, 2019

Last day of trading in subscription rights

Last day of trading in subscription rights

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Reference is made to the previous announcements by AqualisBraemar ASA (the "Company") regarding the rights issue of 8,882,575 new shares in the Company at a subscription price of NOK 3.96 per offer share (the "Rights Issue").

The period for trading in subscription rights (ticker code "AQUA T") in the Rights Issue expires today, 4 July 2019, at 16:30 hours (CET).

The subscription period for the Rights Issue will expire at 16:30 hours (CET) on 8 July 2019.

Subscription rights that are not used to subscribe for offer shares before the expiry of the subscription period (8 July 2019 at 16:30 hours (CET)) or sold before 16:30 hours (CET) on 4 July 2019 will have no value and will lapse without compensation to the holder.

For more information, please refer to the prospectus for the Rights Issue dated 21 June 2019.

For further information, please contact:

Investors and financial media;

Kim Boman, CFO, AqualisBraemar ASA

Telephone: +47 959 63 912

Other media enquiries:

Endre Johansen, Corporate Communications AS

Telephone: +47 41 61 06 05,

Email: endre.johansen@corpcom.no.

About AqualisBraemar ASA

AqualisBraemar ASA (OSE: Aqua) is a public listed company that, through its subsidiaries and associates, offers adjusting, marine, offshore and renewables consultancy services to the energy, shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 48 offices located across 5 continents in 33 countries. AqualisBraemar ASA operates under three distinct brands globally:

- AqualisBraemar: a leading adjusting, marine and offshore consultancy to the energy, shipping and insurance industries.

- AqualisBraemar Yacht Services: a specialised marine consultant to the superyacht market.

- Offshore Wind Consultants: an independent consultancy to the offshore renewables sector

This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.