Nekkar — Share Issue/Capital Change 2020

Oct 26, 2020

Allocation of shares in Share program for employees and board members

Allocation of shares in Share program for employees and board members

26.10.2020 17:38:30 CET | Nekkar ASA | Mandatory notification of trade primary

insiders

Reference is made to the stock exchange notice by Nekkar ASA (the "Company") on

12 October 2020 regarding the Share program for employees and board members in

the Nekkar Group.

The Company has completed the subscription and the board of directors has

resolved the issuance of 707 051 new shares under the program. The price for

each share will be NOK 4,00 which reflects the volume-weighted 10 days average

trading price in the period up to 23 October 2020, less 30% as the shares will

have a three-year lock-up period.

Upon completion, primary insiders of the Company have subscribed for the

following shareholdings:

1. Trym Skeie, Chairman of the board, 104 971. Following this transaction,

Trym Skeie holds 428 111 shares in person, 804 828 through Skeie Alpha

Equity AS and 250 000 through Skeie Alpha Invest AS. Total of 1 482 939

shares in Nekkar ASA.

2. Marit Solberg, Member of the board, 73 479. Following this transaction,

Marit Solberg holds an amount of 73 479 shares in Nekkar ASA.

3. Preben Liltved, Interim CEO, 74 979. Following this transaction, Preben

Liltved holds an amount of 74 979 shares in Nekkar ASA.

4. Mette Harv, EVP New business, 149 958. Following this transaction, Mette

Harv holds an amount of 229 958 shares in Nekkar ASA.

5. Stig Trydal, CEO Intellilift, 62 482. Following this transaction, Stig

Trydal holds an amount of 62 482 shares in Nekkar ASA.

6. Anne-Line Aagedal, Business Controller, 24 993. Following this transaction,

Anne-Line Aagedal holds an amount of 24 993 shares in Nekkar ASA.

7. Anita Greve, Finance Manager, 3 749. Following this transaction, Anita

Greve holds an amount of 4 985 shares in Nekkar ASA.

For questions or further information, please contact:

IR@nekkar.com

DISCLAIMER

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Preben Liltved, CEO, +47 480 62 691, IR@Nekkar.com

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies

combined with high-end software solutions. The group combines 50 years' heritage

from the world's number one shiplift company, Syncrolift, with new investments

into sustainable, digitalised technology businesses that aim to unlock growth

within ocean-based industries such as offshore energy and renewables and

aquaculture.