Bewi Invest AS

Earnings Release • Mar 27, 2025

BEWI publishes annual report for 2024. Strategically positioned for growth

BEWI publishes annual report for 2024. Strategically positioned for growth

BEWI, a leading provider of packaging, components, and insulation solutions,

today publishes its integrated annual report for 2024. The report includes the

remuneration report in accordance with section 6-16b of the Norwegian Public

Limited Liabilities Companies Act and has been prepared in accordance with the

Corporate Sustainability Reporting Directive (CSRD), and the European

Sustainability Reporting Standard (ESRS).

The report is attached in PDF and European Single Electronic Format (ESEF), and

is available at BEWI's website, www.bewi.com/investors/reports-presentations/

The independent assurance statement in relation to BEWI's sustainability linked

bond loan has also been published and is available at

www.bewi.com/investors/financing

The annual report was approved by the board of directors of BEWI on 26 March

2025 without material changes to the preliminary accounts for the full year 2024

announced on 13 February 2025.

"We are proud of how BEWI has navigated in challenging markets and positioned

ourselves for long-term growth. We have demonstrated a strong ability to adapt

through the downturn in the building and construction industry" says the chair

of the board Gunnar Syvertsen and CEO Christian Bekken of BEWI ASA.

In 2024, BEWI improved the energy - and resource efficiency of its operations,

resulting in reduced emissions and costs. The group increased the use of

renewable energy sources, strengthened its collection of used EPS, and

significantly increased the use of recycled materials in its production. Strong

circular capabilities, allowed for launch of multiple solutions including

recycled and bio-based content, showcasing leadership in circular solutions for

the customers.

"Our strategy is clear. We will sustain operational excellence while

accelerating growth in energy-efficient solutions for buildings and circular

packaging. We are confident in our ability to leverage on existing assets and

increase profitability as the markets slowly recovers", Syvertsen and Bekken

continues.

For the EU to reach its net-zero emissions scenario, the energy-efficiency of

the building sector must improve. With a strong competitive advantage from its

circular capabilities, BEWI is well-positioned to capitalise on these

opportunities and drive long-term growth.

For further information, please contact:

Charlotte Knudsen, Chief Communications and IR Officer BEWI ASA, tel: +47 9756

1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation

solutions. The company's commitment to sustainability is integrated throughout

the value chain, from production of raw materials and end goods, to recycling of

used products. With a vision to protect people and goods for a better every day,

BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.