Bewi Invest AS

M&A Activity • Nov 24, 2021

BEWI - Closing of acquisition of Belgian insulation company Kemisol Group

BEWI - Closing of acquisition of Belgian insulation company Kemisol Group

With reference to the stock exchange notice of 29 October 2021, regarding BEWI

entering an agreement to acquire 100 per cent of the Belgian insulation company

Kemisol Group (Kemisol), BEWI today announces closing of the acquisition.

Kemisol is one of the largest producers of expanded polystyrene (EPS) in

Belgium, offering a wide range of insulation solutions to the building and

construction industry.

Consideration for the shares was paid in cash through available sources.

Kemisol's financials will be consolidated into BEWI's accounts from 1 December

Contact:

Charlotte Knudsen, Director of IR and Communications 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.