Nekkar — Board/Management Information 2020

Aug 20, 2020

Nekkar ASA : Preben Liltved to replace Toril Eidesvik as CEO

Nekkar ASA : Preben Liltved to replace Toril Eidesvik as CEO

20.8.2020 22:34:54 CEST | Nekkar ASA | Additional regulated information required

to be disclosed under the laws of a member state

Toril Eidesvik, CEO of Nekkar ASA ("Nekkar") has decided to leave Nekkar and

have made an agreement with the Board of Directors that she will be released

from her duties end of 3Q 2020. Her agreement is a good leaver agreement, where

she will continue to support Nekkar through the Cargotec / MacGregor legal

arbitration process for as long as it takes. At the same date as she is leaving

the company, Preben Liltved will be appointed as interim CEO of Nekkar.

The Board of Directors of Nekkar is very grateful for all her efforts and wishes

to thank Toril Eidesvik for serving as CEO in Nekkar for more than 4 years.

"Toril has been able to keep a sound business focus and a steady course whilst

navigating both in choppy market environments and in the demanding industry

consolidation processes related to TTS Group ASA. All her efforts have

indisputably created significant value for our shareholders" says Trym Skeie,

chairman of the Board of Nekkar. The Board of Directors of Nekkar wish her all

the luck with future assignments.

Preben Liltved have more than 25 years' experience from marine and offshore

product and service business in different management positions. His solid

technical background combined with global management experience in companies

like Goltens, Aker Solutions, Macgregor, Palfinger and latest Eyde Mooring

Solutions will give a strong contribution to operations in both Syncrolift and

the new business opportunities within Aquaculture, Digitalisation and Offshore

Energy and Renewable. The Board of Directors of Nekkar wishes Preben welcome on

board and looking forward to harvesting from his vast industry experience.

Kristiansand 20 August 2020

Nekkar ASA

www.nekkar.com [http://www.nekkar.com]

Contact person:

Trym Skeie, Chairman of the board M: +47 915 19 207

DISCLAIMER

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Trym Skeie, Chairman of the Board, +47 91519207

ABOUT NEKKAR ASA

Nekkar ASA is a company based on an industrial philosophy utilizing smart

design, digitalization and electrification to achieve higher efficiency and more

sustainable solutions for multiple industries.

The company is listed on Oslo Stock Exchange (until 2 August 2019 as TTS Group

ASA)