11 March 2025: Reference is made to the stock exchange announcement made by
Endúr ASA ("Endúr") on 10 March 2025 regarding the registration of the share
capital increase pertaining to the issuance of 4,861,111 new shares in Endúr in
relation to the private placement successfully placed on 11 February 2025 (the
"Private Placement") with the assistance of Arctic Securities AS and Danske
Bank, Norwegian branch (together, the "Managers").
In accordance with the procedure set out therein, following the registration of
the share capital increase pertaining to the Private Placement, Arctic
Securities AS, acting as settlement agent on behalf of the Managers, has today
redelivered 4,861,111 new shares in Endúr to Artec Holding AS, a company closely
associated with board member Bjørn Finnøy, as settlement of the shares borrowed
from Artec Holding AS to facilitate delivery-versus payment (DVP) settlement of
the shares allocated to investors in the Private Placement. The new shares
issued by Endúr were used for the redelivery.
Upon redelivery of the borrowed shares, Artec Holding AS holds 6,411,077 shares
in Endúr, representing approximately 14.99% of the issued shares and votes in
Endúr. Consequently, Artec Holding AS has exceeded the 10% threshold pursuant to
section 4-2 of the Norwegian Securities Trading Act. Artec Holding AS is not
ultimately controlled by any natural person or legal entity and has no rights to
further shares or votes in Endúr.
See the enclosed form for further details.
* * *
This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3 and sections 4-2
and 5-12 of the Norwegian Securities Trading Act.