Edda Wind AS — Major Shareholding Notification 2023

Mar 24, 2023

Disclosure of large shareholdings

Disclosure of large shareholdings

Reference is made to the stock exchange announcement made today on 24 March 2023 by Edda Wind ASA (the "Company") relating to the extraordinary general meeting in the Company (the “EGM”) whereby a resolution was made to approve the issuance of 41,568,552 new shares at a subscription price of NOK 25 per share in connection with Tranche 2 of the Private Placement as further described therein and announced by the Company on 2 March 2023.

As a result of the resolution made by the EGM of the share capital increase, and allocation of new shares in the Private Placement, the following disclosure of large shareholdings are being made:

• Wilhelmsen New Energy AS was allocated 12,000,000 new shares in Tranche 2 of the Private Placement and passed the 25% threshold as a result of the allocation and the share capital increase in the Company. Following the completion of the Private Placement, Wilhelmsen New Energy AS will hold 28,500,000 shares in the Company corresponding to 25.38% of the issued share capital and votes.

• Østensjø Wind AS was allocated 4,800,000 new shares in Tranche 2 of the Private Placement and passed the 20% threshold as a result of the allocation and the dilutive effect of the share capital increase in the Company. Following the completion of the Private Placement, Østensjø Wind AS will hold 21,300,000 shares in the Company corresponding to 18.96% of the issued share capital and votes.

• Geveran Trading Co Ltd. was allocated 11,000,000 new shares in Tranche 2 of the Private Placement and passed the 15% threshold as a result of the allocation and the share capital increase in the Company. Following the completion of the Private Placement, Geveran Trading Co Ltd will hold 18,551,754 shares in the Company corresponding to 16.52% of the issued share capital and votes.

• EPS Ventures Ltd. was allocated 11,000,000 new shares in Tranche 2 of the Private Placement and passed both the 10% and 15% thresholds as a result of the allocation and the share capital increase in the Company. Following the completion of the Private Placement, EPS Ventures Ltd. will hold 17,887,731 shares in the Company corresponding to 15.93% of the issued share capital and votes.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act