Bewi Invest AS

BEWI ASA: Mandatory notification of trade and disclosure of large shareholding - redelivery of borrowed shares in Tranche 2 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 (the "Private Placement") by the

allocation of new shares (the "Offer Shares") at a subscription price of NOK

20.00 per Offer Share. Reference is further made to the mandatory notifications

of trade and disclosure of large shareholding on 11 September 2025, regarding

BEWI Invest AS' loan of 872,335 existing and unencumbered shares in BEWI already

admitted to trading on Euronext Oslo Børs (the "Share Loan") to DNB Carnegie, a

part of DNB Bank ASA, acting as settlement agent in the Private Placement, to

facilitate delivery-versus-payment (DVP) settlement of Offer Shares allocated in

tranche 2 of the Private Placement.

Following registration of the share capital increase relating to tranche 2 of

the Private Placement, BEWI's share capital is NOK 236,522,290, divided into NOK

236,522,290 shares, each with a par value of NOK 1.00.

DNB Carnegie will today redeliver 872,335 shares in the Company to BEWI Invest

AS, as settlement of the Share Loan. Upon registration of the share capital

increase with the Norwegian Register of Business Enterprises, settlement of the

Share Loan, and delivery of Offer Shares allocated to BEWI Invest AS in tranche

2 of the Private Placement, BEWI Invest AS will hold 120,846,648 shares in the

Company, representing 51.09 per cent 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 section 4-2

of the Norwegian Securities Trading Act.

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