Energeia AS

Share Issue/Capital Change • Jan 11, 2023

Energeia AS – End of stabilization period and partial exercise of greenshoe option

Energeia AS – End of stabilization period and partial exercise of greenshoe option

11 January 2023

Energeia AS – End of stabilization period and partial exercise of greenshoe option

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Reference is made to the stock exchange announcement by Energeia AS (“Energeia” or the “Company”) on 13 December 2022 where the Company announced the beginning of the stabilization period following the private placement of new shares in the Company (the “Private Placement”) and the subsequent admission to trading on Euronext Growth Oslo.

Fearnley Securities AS (the “Stabilization Manager”) has given notice that the stabilization period has ended. Stabilization activities have been undertaken on Euronext Growth Oslo between 13 December 2022 and 11 January 2023. A total of 1,522,000 shares in the Company have been purchased as part of the stabilization activities. The shares have been purchased at a volume weighted average price of NOK 2.411 per share and within the daily price ranges set out in the attached stabilization notice.

In order to permit redelivery of the 3,669,441 shares in the Company that were borrowed from Jakobsen Energia AS (a company controlled by the Company’s CEO Viktor Jakobsen) (the “Share Lender”), the Stabilization Manager has in part exercised the option to subscribe for new shares in the Company (the “Greenshoe Option”) at a price of NOK 2.475, being equal to the price in the Private Placement. A total of 2,147,441 new shares will be issued by the Company against gross proceeds of NOK 5,314,916.

The 1,522,000 shares purchased through stabilization activities will, in combination with the 2,147,441 new shares to be issued, be redelivered to Jakobsen Energia AS in accordance with the terms of a share lending agreement.

Contact persons:

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 the Norwegian Securities Trading Act.