Scana — M&A Activity 2024

Oct 2, 2024

Received press release from MIG Finance Namibia and update regarding potential sale (LOI) of capping stack.

Received press release from MIG Finance Namibia and update regarding potential sale (LOI) of capping stack.

Bergen, 2 October 2024: Reference is made to the announcement by SCANA ASA (OSE: SCANA) on 1 September 2024.

Scana ASA has today received a press release from MIG Finance Namibia (Proprietary) Limited ("MIG"). The press release from MIG is attached to the published stock exchange notice.

In addition, PSW Technology AS has accepted a postponement of the 10 % prepayment for potential sale of Capping stack to MIG. The prepayment is to be made during October.

For more information, please contact:

Pål Selvik, CEO, Scana ASA, +47 970 46 502

Scana in brief

Scana is an active industrial owner of technology and services to both the energy and offshore industries. With an industrial history dating back to the early 1900s, Scana has evolved to become a leader in technology and innovation. This journey has provided a unique position to shape solutions for tomorrow, driven by extensive industrial experience combined with quality and value creation. Scana is headquartered in Bergen and has above 600 employees. www.scana.no