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Regulatory press release

BOUV: Ends buyback of own shares for employee share purchase program

Bouvet
As announced on 28 February 2023 Bouvet ASA has initiated repurchase of up to
800,000 of the company's own shares to be used in its share programme for
employees.

From 13 June through 21 June the company bought 141,500 shares at an average
price of NOK 69.0287. See the attached documents for detailed information about
the transactions made.

The company has bought a total of 800,000 shares at an average price of NOK
65.1421 since 1. March.

After these transactions, the company owns 861,506 treasury shares.

The company hereby ends buyback of own shares for the employee share purchase
program.

For further information, please contact:
CFO: Trude Hole, telephone: +47 977 10 344.

This information is made public by the Company pursuant to the EU Market Abuse
Regulation article 5, as supplemented by Commission Delegated Regulation (EU)
2016/1052 and is subject to the disclosure requirements pursuant to Section 5-12
the Norwegian Securities Trading Act.
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