Edda Wind AS — Report Publication Announcement 2021

Nov 15, 2021

EDDA WIND ASA: APPROVAL AND PUBLICATION OF PROSPECTUS

EDDA WIND ASA: APPROVAL AND PUBLICATION OF PROSPECTUS

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Haugesund, 15 November 2021: Reference is made to the announcement on 15 November 2021, whereby Edda Wind ASA (the “Company”, OSE ticker “EWIND”) announced the terms of the initial public offering of its shares (the "Offering") and contemplated listing of its shares on the Oslo Stock Exchange (the "Listing" and together with the Offering, the "IPO").

The prospectus for the IPO (the "Prospectus") was approved by the Financial Supervisory Authority of Norway (Nw. Finanstilsynet) today, on 15 November 2021. The Prospectus will be published today and will, subject to regulatory restrictions in certain jurisdictions, be available at www.eddawind.no, www.abgsc.com, www.dnb.no/emisjoner, www.securities.clarksons.com and www.nordnet.no. Hard copies of the Prospectus may be obtained free of charge at the offices of Edda Wind at Smedasundet 97, 5525 Haugesund or by contacting one of the Managers (as defined below).

The bookbuilding period for the institutional offering will commence on 16 November 2021 at 09:00 hours (CET) and run until 14:00 hours (CET) on 24 November 2021. The application period for the retail offering will commence on 16 November 2021 at 09:00 hours (CET) and run until 12:00 hours (CET) on 24 November 2021, provided, however, that applications in the retail offering made electronically through the webservices of Nordnet must submitted no later than by 23:59 hours (CET) on 23 November 2021. The bookbuilding period and the application period may be shortened or extended at any time, however so that they cannot be shortened to expire prior to 24:00 hours (CET) on 23 November 2021 or be extended beyond 16:30 hours (CET) on 2 December 2021.

ADVISORS

ABG Sundal Collier ASA and DNB Markets, a part of DNB Bank ASA, are acting jointly as joint global coordinators and joint bookrunners (collectively, the "Joint Global Coordinators"). Clarksons Platou Securities AS is acting as joint bookrunner together with the Joint Global Coordinators (collectively, the "Managers").

Advokatfirmaet BAHR AS is acting as legal advisor to the Company. Advokatfirmaet Wiersholm AS is acting as legal advisor to the Managers.

For further queries, please contact:

Kenneth Walland, CEO Edda Wind

Phone: +47 916 93 418

E-mail: kenneth.walland@eddawind.com

Håvard Framnes, Chair Edda Wind

Phone: +47 993 86 430 E-mail: havard.framnes@ostensjo.no