Eqva ASA

Remuneration Information • Feb 27, 2025

Eqva – Grant of share options in employee incentive program

Eqva – Grant of share options in employee incentive program

Reference is made to the press release on 30 November 2022, announcing that Eqva ASA’s ("Eqva" or the “Company”) Board of Directors had approved the employee incentive scheme. On 25 February 2025, the Board of Directors approved an extension of the annual incentive scheme for 2026 – 2028. The share options were approved with a strike price of NOK 3.59. The strike price was calculated based on the last 20 days in advance of the decision by the board.

As a result, a total of 1,380,000 new share options were granted on 26 February 2025. Share options have been granted to the following primary insiders:

Even Matre Ellingsen, CEO EQVA, has been granted 100,000 share options. Following the grant, Ellingsen holds a total of 2,800,000 share options in the Company.

Petter Sørdahl, CFO EQVA, has been granted 100,000 share options. Following the grant, Sørdahl holds a total of 200,000 share options in the Company.

Daniel Molvik, Head of Strategy and Business Development in EQVA, has been granted 100,000 share options. Following the grant, Molvik holds a total of 200,000 share options in the Company.

Sverre Olav Handeland, General Counsel in EQVA, has been granted 100,000 share options. Following the grant, Handeland holds a total of 300,000 share options in the Company.

Ask Haukaas, Business Developer in EQVA, has been granted 100,000 share options. Following the grant, Haukaas holds a total of 200,000 share options in the Company.

Erik Høyvik, CEO EQVA Finance & Analytics, has been granted 100,000 share options. Following the grant, Høyvik holds a total of 300,000 share options in the Company.

Trygve Kjerpeseth, CEO Nordic Industrial Solutions & BKS, has been granted 100,000 share options. Following the grant, Kjerpeseth holds a total of 300,000 share options in the Company.

Ellen Hanetho, Chair of the Board, has been granted 100,000 share options. Following the grant, Hanetho holds a total of 266,667 share options in the Company.

Anne Bruun-Olsen, Board Member, has been granted 100,000 share options. Following the grant, Bruun-Olsen holds a total of 266,667 share options in the Company.

Tore Thorkildsen, Board Member, has been granted 100,000 share options. Following the grant, Thorkildsen holds a total of 200,000 share options in the Company.

Tore Schiøtz, Board Member, has been granted 100,000 share options. Following the grant, Schiøtz holds a total of 100,000 share options in the Company.

Tomasz Wesierski, Board Member (employee representative), has been granted 40,000 share options. Following the grant, Wesierski holds a total of 80,000 share options in the Company.

Kari Markhus, Board Member (employee representative), has been granted 40,000 share options. Following the grant, Markhus holds a total of 80,000 share options in the Company.

The vesting periods for the share options are from 2026 to 2028 and the strike price is adjusted in the following way:

- Exercise in January 2026: Basis Strike

- Exercise in January 2027: Basis Strike * 1.10

- Exercise in January 2028: Basis Strike * 1.21

See attachment for further details about the grant of options to each primary insider.

Following the grant, the total number of outstanding options in Eqva are 6,493,334. The share option program encompasses up to 7.5% of total issued shares fully diluted.

For more information, please contact:

Even Matre Ellingsen, Chief Executive Officer: + 47 990 05 500

Eqva ASA in brief

EQVA is main board listed Norwegian compounder company that specializes in acquiring and developing tier-1 companies that provide productive, safe, and sustainable service & solutions to leading industrial companies.

We are dedicated to long-term ownership, focused on creating value through sustainable development, growth, and profitability. Our goal is to acquire companies that align with our business model. We are positioning ourselves as an attractive buyer not solely based on financial terms, but by offering a comprehensive "toolbox" of expertise, experience, and resources to drive value creation.

EQVA is built on three platforms: EQVA Industrial Solutions, Renewables and Real Estate. EQVA Industrial Solutions is the main platform, generating more than 90 % of EQVA’s revenues in 2024. Key companies under EQVA Industrial Solutions include BKS Group, IMTAS Group and Kvinnherad Elektro Group. The acquisition of IMTAS Group strengthens EQVA’s position as a prominent and fully integrated service provider within the piping, mechanical and power and automation disciplines – all over Norway.

Read more on www.eqva.no

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