Energeia AS

Share Issue/Capital Change • Dec 9, 2022

Energeia AS – New share capital registered

Energeia AS – New share capital registered

Oslo, 9 December 2022: Reference is made to the previous stock exchange notice where Energeia AS ("Energeia" or the "Company") announced the board's approval of a capital increase and the allocation of 36,730,559 new shares (the "New Shares") at a subscription price of NOK 2.475 per share, raising gross proceeds of approx. NOK 90.9 million through a private placement (the "Private Placement"). In addition, 3,669,441 additional existing shares were over-allocated in the Private Placement (the “Additional Shares”, and together with the New Shares, the "Offer Shares").

The share capital increase pertaining to the issuance of the 36,730,559 New Shares has today been registered with the Norwegian Register of Business Enterprises (Norw. Foretaksregisteret). The Company's new registered share capital is thus NOK 2,350,917.42 divided into 117,545,871 shares, each with a par value of NOK 0.02 per share. Each share represents one vote in the Company's general meeting.

The Offer Shares will be settled and delivered to investors allocated Offer Shares in the Private Placement on a delivery-versus-payment basis on or about 13 December 2022, expected to being the first day of trading of the Company's shares on Euronext Growth Oslo.

For further information, please contact:

CEO, Viktor Jakobsen, email: viktor@energeia.no and telephone: +47 916 11 009

Deputy CEO, Jarl Egil Markussen, email: jarl@energeia.no and telephone: +47 480 23 214

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.