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Kaldvik AS

Share Issue/Capital Change Oct 7, 2025

3631_dva_2025-10-07_ae060fd3-f84b-4259-a563-7e8a2a8cbe31.html

Share Issue/Capital Change

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Kaldvík AS: New share capital registered

Kaldvík AS: New share capital registered

Frøya, 7 October 2025: Reference is made to the stock exchange announcements by

Kaldvík AS (the "Company") on (i) 17 September 2025 regarding the resolution to

issue 155,951 new shares to certain members of the board of directors and the

management, in which the board members Renate Larsen and Hege Dahl and the

management members Vidar Aspehaug (CEO), Kjartan Lindbøl (COO), Elís Hlynur

Grétarsson (CEO of Bulandstindur) and Ólöf Helga Jónsdóttir (CPO) subscribed for

new shares at the same price as in the recent subsequent offering, and (ii) on

18 September 2025 regarding issuance of 1,579,498 new shares to Heimstø AS as to

settle the seller´s credit issued as consideration for 100% of the shares in

Mossi ehf.

The share capital increases pertaining to the issuance of the new shares to (i)

members of the board of directors and the management and (ii) Heimstø AS has

today been registered with the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret).

Following the registration, the Company's share capital is NOK 16,826,833.50,

divided into 168,268,335 shares, each with a nominal value of NOK 0.10. For more

information about the share issues, please see the above mentioned

announcements.

This information is subject to the disclosure requirements in section 5-12 of

the Norwegian Securities Trading Act.

For further information, please contact:

Robert Robertsson, CFO: +354 843 0086 (mobile)

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