Moreld AS

Moreld ASA: Moreld Apply awarded frame agreement for extended modifications with Equinor

Stavanger, 7 January 2026 -- Moreld ASA ("the Company") announces that its

wholly owned subsidiary, Moreld Apply, has been awarded a frame agreement to

compete for large, complex modifications on Equinor's onshore and offshore

facilities.

The EMOD/EPRO frame agreement will commence on 1 March 2026. The frame

agreement has a duration of five years and includes extension options of three

plus two years. The frame agreement is strategically important for the company

and is estimated to contribute a volume as a major* contract over the contract

period including options.

Moreld Apply will continue to deliver Maintenance & Modification (M&M)

services to Equinor in the Norwegian market based on the current portfolio in

the FLX contract. However, the company was not selected as one of the

suppliers to deliver M&M services to additional Equinor assets.

*Moreld defines a major contract as above NOK 2 billion in expected value.

For further information, please contact:

CEO Geir Austigard Telephone: +47 992 47 500

CFO Trond Rosnes Telephone: +47 404 14 494

About Moreld

Moreld is an industrial multi-disciplinary engineering group offering

full-scope services across the offshore energy and marine industries including

subsea installations. The group comprises Moreld Apply, Ocean Installer and

Global Maritime. Moreld is a major player on the Norwegian continental shelf

with an international footprint. The Group is located in 19 countries, giving

access to all major offshore markets, and has over 2,800 employees and

contractors. For more information, please visit https://moreld.com/.

(https://moreld.com/).

About Moreld Apply

Moreld Apply is a leading provider of engineering, maintenance, and

modification services for the energy sector. Headquartered in Stavanger,

Norway, the company is part of the Moreld Group and employs approximately

2,500 professionals. With decades of experience and a robust track record on

the Norwegian continental shelf, Moreld Apply serves clients in oil and gas,

renewables, and other industrial markets, delivering tailored solutions that

emphasize safety, efficiency, and innovation. For more information, please

visit https://www.apply.no/. (https://www.apply.no/).

This information is information that Moreld is obliged to make public pursuant

to the EU Market Abuse Regulation. The information was submitted for

publication, through the agency of the contact persons set out above, at

2026-01-07 23:40 CET.

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