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Regulatory press release

Mandatory notification of trade: Acceptances of mandatory offer for the shares Frøy ASA

Frøy
Reference is made to the mandatory cash offer by Falcon Bidco. AS (the
"Offeror"), a company indirectly wholly owned by infrastructure funds managed by
Goldman Sachs Asset Management, to acquire all shares in Frøy ASA ("Frøy") not
already owned by the Offeror (the "Mandatory Offer") in combination with a
compulsory acquisition of all the remaining shares in Frøy.

Today, the following primary insiders or persons close associated to them have
accepted the Offer for a price of NOK 76.50 per share:

o Tøff AS, a close associate of Tonje Foss, for a total of 10,000 shares
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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.