Bewi Invest AS

Prospectus • Dec 1, 2020

BEWi - Commencement of application period for public offering

BEWi - Commencement of application period for public offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN

AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S

REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY

OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL

1 December 2020: Reference is made to the stock exchange notice by BEWi ASA

("BEWi" or the "Company") on 30 December 2020 regarding the terms of the initial

public offering of shares (the "Offering") in connection with the contemplated

listing on the Oslo Stock Exchange, or alternatively Euronext Expand (the

"Listing"), and the approval and publication of a prospectus for the Offering

and the Listing.

The application period (the "Application Period") for the Offering commences

today, 1 December 2020 at 09:00 CET and closes on 8 December 2020 at 12:00 CET,

unless shortened or extended. The Company may, in consultation with the

Managers, shorten or extend the Application Period at any time and for any

reason, and extension may be made on one or several occasions. The Application

Period may in no event expire prior to 16:30 CET on 7 December 2020 or be

extended beyond 12:00 CET on 10 December 2020. In the event of a shortening or

an extension of the Application Period, the allocation date, the payment due

date and the date of delivery of Offer Shares will be changed accordingly, but

the date of the Listing and commencement of trading on the Oslo Stock Exchange,

alternatively Euronext Expand, may not necessarily be changed.

For more information on the Offering, please refer to the prospectus which is,

subject to regulatory restrictions in certain jurisdictions, available at

www.nordeamarkets.com/bewi and

www.sb1markets.no/en/transactions/2020/november/bewi-asa/. Hard copies of the

Prospectus may be obtained free of charge by contacting one of the Managers.

For further information, please contact:

Charlotte Knudsen, Director of Communication and IR, BEWi ASA, tel: +47 9756

1959

About BEWi ASA

BEWi is a leading international provider of packaging, components and insulation

solutions, in Europe. The company's commitment to sustainability is integrated

throughout the value chain, from the production of raw materials and end goods,

to the recycling of used products. Since the start in the Norwegian archipelago

at Frøya in 1980, the company has created value for its customers by offering

sustainable solutions in innovative and efficient ways. With a vision to protect

people and goods for a better every day, BEWi is leading the change towards a

circular economy.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

Important notices

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of the Company. The

distribution of this announcement and other information may be restricted by law

in certain jurisdictions. Copies of this announcement are not being made and may

not be distributed or sent into any jurisdiction in which such distribution

would be unlawful or would require registration or other measures. Persons into

whose possession this announcement or such other information should come are

required to inform themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and may not be offered or sold in the United States. The Offer Shares in

the Retail Offering are being offered to the public in Norway.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "expect", "anticipate",

"strategy", "intends", "estimate", "will", "may", "continue", "should" and

similar expressions. The forward-looking statements in this release are based

upon various assumptions, many of which are based, in turn, upon further

assumptions. Although the Company believes that these assumptions were

reasonable when made, these assumptions are inherently subject to significant

known and unknown risks, uncertainties, contingencies and other important

factors which are difficult or impossible to predict and are beyond its control.

Actual events may differ significantly from any anticipated development due to a

number of factors, including without limitation, changes in investment levels

and need for the Company's products and services, changes in the general

economic, political and market conditions in the markets in which the Company

operate, the Company's ability to attract, retain and motivate qualified

personnel, changes in the Company's ability to engage in commercially acceptable

acquisitions and strategic investments, and changes in laws and regulation and

the potential impact of legal proceedings and actions. Such risks,

uncertainties, contingencies and other important factors could cause actual

events to differ materially from the expectations expressed or implied in this

release by such forward-looking statements. The Company does not provide any

guarantees that the assumptions underlying the forward-looking statements in

this announcement are free from errors nor does it accept any responsibility for

the future accuracy of the opinions expressed in this announcement or any

obligation to update or revise the statements in this announcement to reflect

subsequent events. You should not place undue reliance on the forward-looking

statements in this document.

The information, opinions and forward-looking statements contained in this

announcement speak only as at its date, and are subject to change without

notice. The Company does not undertake any obligation to review, update,

confirm, or to release publicly any revisions to any forward-looking statements

to reflect events that occur or circumstances that arise in relation to the

content of this announcement.

Neither of the Managers nor any of their respective affiliates make any

representation as to the accuracy or completeness of this announcement and none

of them accepts any responsibility for the contents of this announcement or any

matters referred to herein.

This announcement is for information purposes only and is not to be relied upon

in substitution for the exercise of independent judgment. It is not intended as

investment advice and under no circumstances is it to be used or considered as

an offer to sell, or a solicitation of an offer to buy any securities or a

recommendation to buy or sell any securities in the Company. Neither the

Company, the Managers nor any of their respective affiliates accepts any

liability arising from the use of this announcement.