Bewi Invest AS - Major Shareholding Notification 2025

BEWI ASA: Mandatory notification of trade and disclosure of large shareholding - redelivery of borrowed shares in Tranche 1 of the Private Placement

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

the "Company") on 20 August 2025 regarding the successful private placement

raising gross proceeds of NOK 896 million, equivalent to EUR 75 million (the

"Private Placement"). Reference is further made to the mandatory notification of

trade and disclosure of large shareholding on 21 August 2025, regarding the

lending of 21,039,345 shares in the Company by BEWI Invest AS to DNB Carnegie, a

part of DNB Bank ASA, acting as settlement agent on behalf of the Managers, for

the purpose of facilitating delivery of allocated shares in Tranche 1 of the

Private Placement.

Following registration of the share capital increase for Tranche 1 in the

Private Placement, BEWI's share capital is 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).

DNB Carnegie has today redelivered 21,039,345 shares in the Company to BEWI

Invest AS, as settlement of the borrowed shares described above. Following the

redelivery of shares, BEWI Invest AS' shareholding in BEWI has increased to

115,263,441 shares (representing ~50.10% of the issued shares and votes). BEWI

Invest AS does not have any rights to further shares or votes in the Company.

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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