Volue ASA

Regulatory Filings • May 5, 2021

Update on cyberattack on Volue

Update on cyberattack on Volue

(Oslo, 5 May 2021) Volue ASA (Volue, OSE:VOLUE) was today subject to a cyber-attack impacting operation in some of the company’s business areas. Mitigating actions were immediately implemented. Currently, there seems to be limited impact on front-end customer platforms.

“We have discovered a cyber-attack on Volue. We immediately deployed our cyber security task force and initiated mitigating actions. All affected applications were shut down, and backup solutions initiated as far as possible. We have been supported by our external data security partners to neutralise the attack, and relevant authorities are informed. Our customers have been informed on necessary actions to continue safe operations,” says Trond Straume, chief executive officer of Volue.

Volue was today, 5 May 2021, subject to a cyber-attack impacting operation in some of the company’s business areas. Mitigating actions were immediately implemented.

“Our priority is to ensure safe and uninterrupted operations for our customers. Our short-term production capacity will be affected over the next few days. Still, it’s too early to indicate the operational and financial impact, as well as the timing to resolve the situation. Volue is doing its utmost to limit the impact on our customers and will continuously provide updates, “ Straume concludes.

Volue Technology’s (“Powel”) operations teams seems to be impacted by the attack. At this point, Volue cannot see any impacts by the breach for Insight (“Wattsight”), Market Services (“Markedskraft”), Industrial IoT (“Scanmatic”) and Likron.

Information on the cyber-attack will be continuously updated on

volue.com/urgent-updates.

For additional information, please contact:

Trond Straume, chief executive officer, Volue +47 907 99 625

Arnstein Kjesbu, chief financial officer, Volue +47 970 47 699