Beerenberg — Director's Dealing 2023

Nov 7, 2023

Beerenberg AS: Redelivery of borrowed shares to close associate of primary insider

Beerenberg AS: Redelivery of borrowed shares to close associate of primary insider

Reference is made to the announcement published on 5 October 2023 regarding the share lending pursuant to which Segulah IV L.P. ("Segulah") and others lent shares in Beerenberg AS (the "Company") to SpareBank 1 Markets AS for the purpose of facilitating delivery in respect of the over-allotments made in connection with the private placement in the Company.

All of the borrowed shares were on 7 November 2023 returned by SpareBank 1 Markets AS to the share lenders.

1,583,408 of these shares were returned to Segulah, a close associate of the Company's board member Sebastian Ehrnrooth.

This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.