Bewi Invest AS

Synbra concludes settlement agreement

BEWI ASA ("BEWI" or the "Group") completed its acquisition of the Synbra group

("Synbra") in May 2018. As communicated in BEWI's annual reports and

prospectuses, the European Commission (the "Commission") has, thereafter,

included Synbra in an investigation related to a potential involvement in

anticompetitive practices of styrene monomer purchasing during 2013 and 2014.

Synbra has now concluded a settlement agreement with the Commission which

entails a payment of EUR 17.2 million. BEWI, as the owner of Synbra, has agreed

to the settlement for the purpose of putting an end to the process and being

able to focus on the ordinary business of the Group.

As part of the acquisition of Synbra, BEWI received customary warranties in

relation to, inter alia, compliance with laws, from the sellers of Synbra. Such

warranties are insured under a warranty and indemnity insurance policy. BEWI

intends to pursue the insurance for coverage, and subsequently potentially the

sellers.

Contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756

1959

The information is such that BEWI ASA is required to disclose in accordance with

the EU Market Abuse Regulation. The information was submitted for publication,

through the agency of the contact person set out above, at 12:45 CET on 29

November 2022.

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