With reference to the company announcement dated 3 July 2026 regarding the
recommended voluntary cash offer (the "Offer") to all shareholders of
Elektroimportøren AS (the "Company" or "Elektroimportøren") by Brødrene A. & O.
Johansen A/S (the "Offeror") as described in the offer document (the "Offer
Document") published on the same date, the Offeror today announces that it has
received regulatory approval from the Norwegian Competition Authority
(Konkurransetilsynet) in respect of the transaction contemplated by the Offer.

As a consequence, there are currently no outstanding regulatory approvals to be
obtained under the closing condition regarding "Regulatory approval(s)" as set
out in section 1.6(c) of the Offer Document as no other required regulatory
approvals have been identified by the Offeror at this stage. Completion of the
Offer remains subject to the remaining closing conditions set out in section 1.6
of the Offer Document.
 
The offer period expires on 5 August 2026, 16:30 (CEST), subject to extension at
the sole discretion of the Offeror (which may be extended up to a maximum of ten
(10) weeks from commencement of the initial offer period).
 
Shareholders wishing to accept the Offer should use the acceptance form included
in the Offer Document available on www.arctic.com/offerings. Correctly completed
and signed acceptance forms can be delivered to Arctic Securities AS (the
"Receiving Agent") electronically through its webpage, by e-mail to
subscription@arctic.com, by mail to Haakon VIIs gate 5, NO-0161 Oslo, Norway,
or, for Norwegian shareholders with BankID, by filling out the digital form for
acceptances available on www.arctic.com/offerings. The Offer may only be
accepted pursuant to the terms and procedures set out in the Offer Document.

For the complete details of the Offer, including the terms and conditions,
reference is made to the Offer Document, which is available on
www.arctic.com/offerings, subject to certain restrictions.
 
Contacts
For further information, please contact:
Jørgen Wist, CFO, Elektroimportøren AS, jorgen@elektroimportoren.no
Per Toelstang, CFO/Deputy CEO, Brødrene A. & O. Johansen A/S, pto@ao.dk

About Elektroimportøren
Elektroimportøren AS is a specialist and fully integrated omnichannel player in
the electrical equipment market, serving both private and professional customers
across Norway and Sweden. The Company controls the entire value chain from
product development and sourcing through its proprietary brands, to distribution
through owned physical stores and e-commerce, and delivery of services and
installations through certified professionals.

About Brødrene A. & O. Johansen A/S
Brødrene A. & O. Johansen A/S is a Nordic distributor of technical installation
materials, founded in 1914 and headquartered in Albertslund, Denmark. The
Offeror employs around 1,000 people and operates across Denmark, Sweden and
Norway. Its revenue for the financial year ended 31 December 2025 amounted to
approximately DKK 6.1 billion. The Offeror's shares are admitted to trading on
Nasdaq Copenhagen. The Offeror has a dual go-to-market model combining digital
solutions with a physical presence and has completed more than ten acquisitions
in recent years. The Offeror is firmly anchored by the founding Johansen family,
which controls approximately 75% of the Offeror's voting rights.

***
Important notice
The terms and conditions of the Offer are governed by Norwegian law. The Offer
is not subject to the take-over regime as stipulated by the Norwegian Securities
Trading Act chapter 6, as the Shares of the Company are admitted to trading on
Euronext Growth Oslo, which is not a regulated market. The Offer Document has
not been reviewed or approved by the Norwegian Financial Supervisory Authority,
Oslo Stock Exchange or any other regulatory authority. The Offer may only be
accepted pursuant to the terms and procedures set out in the Offer Document,
which sets out the complete terms and conditions of the Offer, including
procedures for accepting the Offer.

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions.
When published, the Offer Document and related acceptance forms will not and may
not be distributed, forwarded or transmitted into or within any jurisdiction
where prohibited by applicable law. Persons into whose possession this
announcement or such other information should come are required to inform
themselves about and to observe any such restrictions. The Offer will not be
made directly or indirectly in any jurisdiction where either an offer or
participation therein is prohibited by applicable law including sanctions law,
or where any tender offer document or registration or other requirements would
apply in addition to those applicable under the laws of Norway or Denmark.

This announcement is for information purposes only and does not constitute an
offer to sell or the solicitation of an offer to acquire the Shares. Investors
may accept the Offer only on the basis of the information provided in the Offer
Document. Any decision with respect to the tendering of Shares should be made
solely on the basis of the Offer Document and an independent analysis of the
information contained therein.

Arctic Securities AS is acting as financial advisor and receiving agent solely
for the Offeror in connection with the Offer and will not be responsible to
anyone other than the Offeror for providing the protections afforded to its
clients or for providing advice in relation to the Offer.

Forward-looking statements
This announcement, verbal statements made regarding the Offer and other
information published by the Offeror or the Company may contain certain
statements about the Company, the Offeror and their respective affiliates and
businesses as well as the timing and procedures relating to the Offer that are
or may be forward-looking statements. These forward-looking statements are
subject to a number of risks and uncertainties, many of which are beyond the
Offeror's and the Company's control, and are based on current beliefs and
expectations about future events. Forward-looking statements are typically
identified by the use of forward-looking terminology such as "believes",
"expects", "may", "will", "could", "should", "intends", "estimates", "plans",
"assumes" or "anticipates" or the negative thereof or other variations thereon
or comparable terminology. By their nature, forward-looking statements involve
risk and uncertainty because they relate to events and depend on circumstances
that will occur in the future. Neither the Company nor the Offeror provides any
representation, assurance or guarantee that the occurrence of the events
expressed or implied in any forward-looking statements in this announcement will
actually occur. Any forward-looking statements made herein speak only as of the
date they are made. The Company and the Offeror disclaim any obligation or
undertaking to release publicly any updates or revisions to any forward-looking
statements contained in this announcement other than as required by applicable
law.
\
undertaking to release publicly any updates or revisions to any forward-looking\
statements contained in this announcement other than as required by applicable\
law.\