Nekkar — M&A Activity 2020

Sep 1, 2020

Nekkar ASA: Syncrolift wins MUSD 30 contract in the US

Nekkar ASA: Syncrolift wins MUSD 30 contract in the US

1.9.2020 13:20:13 CEST | Nekkar ASA | Additional regulated information required

to be disclosed under the laws of a member state

Syncrolift AS, a subsidiary of Nekkar ASA, has successfully signed a new

contract with a US based company. The value of the contract is approximately USD

30 million. Final delivery of the contract is estimated to take place in Q4

- With this achievement Syncrolift has more than doubled its order backlog over

the last 12 months' period and again proven its position as a leading supplier

of ship docking systems within the shipyard industry, says Toril Eidesvik, CEO

of Nekkar ASA.

The order backlog has now reached MNOK 1,320 and will secure high activity for

Syncrolift for many years to come.

Kristiansand, 1 September 2020

Nekkar ASA

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

Contact person:

Toril Eidesvik CEO

M: +47 900 78 218

DISCLAIMER

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Toril Eidesvik, CEO, +47 900 78 218

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)