Bewi Invest AS - Share Issue/Capital Change 2023

Corr.: BEWI - Exercise of options under share option programme, share capital increase and mandatory notifications of trade

Correction: Attached PDMR forms

Following the exercise of share options by option holders under BEWI ASA's (BEWI

or the Company) share option programme, the board of directors has resolved to

increase the Company's share capital by NOK 374,298, by the issuance of 374,298

new shares at a subscription price of NOK 22.96 per share (the Subscription

Price), by use of the authorisation granted by the general meeting on 2 June

After the issuance of the new shares, the Company's share capital will be NOK

191,722,290, divided into 374,298 shares, each with a par value of NOK 1.00. By

the share capital increase, BEWI has increased the total number of shares by

approximately 0.20 per cent.

The following persons discharging managerial responsibilities (PDMRs) in the

Company have exercised options under the share option programme at a strike

price equivalent to the Subscription Price:

(i) Petra Brantmark, General Counsel, has exercised 8,548 options; and

(ii) Charlotte Knudsen, Director of IR and Communications has exercised 9,000.

See the attached forms for further details about the transactions.

The exercised options have been granted in accordance with the Company's share

option programme described in the Company's latest annual financial statements.

Contact:

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

1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation

solutions. The Company's commitment to sustainability is integrated throughout

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

used products. With a vision to protect people and goods for a better every day,

BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

This information is published in accordance with the disclosure requirements in

Regulation EU 596/2014 (MAR) article 19 number 3, section 5-12 of the Norwegian

Securities Trading Act, and the Oslo Rule Book II.

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