Bewi Invest AS

BEWI ASA: Mandatory notification of trade and disclosure of large shareholding - share lending in Tranche 1 of the Private Placement

Reference is made to the stock exchange announcement made by BEWI ASA ("BEWI" or

the "Company") yesterday (the "Announcement") regarding the successful private

placement raising gross proceeds of approximately NOK 896 million, equivalent to

EUR 75 million (the "Private Placement"), through issuance of new shares (the

"Offer Shares") at a subscription price of NOK 20.00 per Offer Share (the "Offer

Price"). All capitalised terms not defined herein shall have the meaning

ascribed to such terms in the Announcement.

To facilitate DVP settlement of the Offer Shares allocated to investors in the

Private Placement, BEWI Invest AS has lent a total of 21,039,345 existing and

unencumbered shares in BEWI already admitted to trading on Euronext Oslo Børs to

DNB Carnegie, a part of DNB Bank ASA, acting as settlement agent on behalf of

the Managers, pursuant to a share lending agreement. Prior to the share capital

increases pertaining to the Offer Shares, BEWI Invest AS held 97,958,328 shares

in the Company (representing ~51.09% of the issued shares and votes).

Following the registration of the share capital increase pertaining to the

issuance of Tranche 1 in the Private Placement, BEWI Invest AS will hold

115,263,441 shares in BEWI (representing ~50.10% of the issued shares and

votes). Furthermore, due to the share loan, BEWI Invest AS will temporarily

reduce its shareholding to 94,224,096 shares, equivalent to ~40.96% of the

issued shares and votes following registration of the share capital increase

pertaining to Tranche 1 in the Private Placement. BEWI Invest AS does not have

any rights to further shares or votes in the Company. Following registration of

the share capital increase for Tranche 1 in the Private Placement, BEWI's share

capital will be NOK 230,066,748, divided into 230,066,748 shares, each with a

par value of NOK 1.00 (prior to the issuance of the Tranche 2 shares in the

Private Placement). For more information about the, the Private Placement,

please refer to BEWI's stock exchange announcements of 20 August 2025.

Please see further details in the attached notification of trade.

This information is subject to the disclosure requirements pursuant to the

Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3 and sections 4-2

and 5-12 of the Norwegian Securities Trading Act.

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