Nekkar ASA: Subsidiary awarded shiplift contract

7.5.2026 07:00:02 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

7 May 2026 - Nekkar ASA's wholly-owned subsidiary Syncrolift AS has been awarded
a contract by South Red Sea Shipyard in Egypt for the design and supply of a
7,000-ton shiplift and transfer system.

The total contract value for Syncrolift is EUR 8.5 million. Delivery is
scheduled for the fourth quarter of 2027. Syncrolift will conduct project
management and engineering from its Headquarter and Innovation Centre in Vestby,
Norway.

Syncrolift's scope includes engineering, design and supply of the main shiplift
and transfer system equipment. The new facility will support South Red Sea
Shipyard's newbuilding and repair operations across a broad mix of vessels,
including yachts, offshore vessels, tugs and fishing vessels.

"This award reflects continued demand for our shiplift and transfer systems in
the commercial market. South Red Sea Shipyard is establishing a modern facility
serving a diverse vessel mix, and we are pleased to support the project with a
7,000-ton system designed for that purpose" says Rolf-Atle Tomassen, managing
director of Syncrolift AS

The contract confirms Syncrolift's position as a leading supplier of large-scale
shipyard handling solutions and extends the company's commercial footprint in
the Red Sea region.

"The contract underlines Syncrolift's strength in the commercial shiplift
market, in addition to its established role in the naval defence segment. It
also illustrates the breadth of customers and geographies Syncrolift continues
to serve" says Ole Falk Hansen, CEO of Nekkar ASA.

Syncrolift is the world's leading manufacturer of shiplifts and transfer systems
having won 60 percent of all shiplift contracts during the past ten years.
Syncrolift holds a leading position in the naval-based defence industry, as well
as in the commercial shiplift market. Syncrolift is a wholly owned subsidiary of
Oslo-listed Nekkar ASA.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

CONTACTS

 * Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com 

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology
companies. The company invests in and develops technology businesses within
sustainable oceans, robotics and intelligent logistics, and digital solutions.
With a 50-year industrial heritage from Syncrolift, Nekkar applies an active
buy-to-own strategy to build long-term value. The group supports empowered
operating companies with a strong balance sheet and reinvests strategically to
ensure profitability and sustainable growth. As a publicly listed company,
Nekkar has a proven track record of shareholder value creation through
disciplined M&A, financial management, and capital allocation.