Subscription rights were allocated to existing shareholders as of 2 January 2026 (as registered in the VPS as of 6 January 2026). Each subscription right entitles the holder to subscribe for and be allocated one (1) new share at the subscription price in the Rights Issue of NOK 0.50 per share.

Subscribers in the Rights Issue will, without cost, receive warrants in two series: (a) three (3) warrants for every four (4) new shares allocated to, and paid by, them in the Rights Issue, which will be exercisable in the exercise period from 2 March 2026 to 13 March 2026 ("Warrants Series 1"); and (b) three (3) warrants for every four (4) new shares allocated to, and paid by them, in the Rights Issue, which will be exercisable in the exercise period from 1 June 2026 to 12 June 2026 ("Warrants Series 2" and together with Warrants Series 1, the "Warrants"). By subscribing for new shares in the Rights Issue, subscribers will at the same time subscribe for the corresponding number of Warrants.

Hannibal Invest AS, a company closely associated with Hans Hekland, board member of the Company, has subscribed for 200,000 new shares in the Rights Issue, of which 187,739 new shares have been subscribed through the exercise of subscription rights, and will as such be allocated to Hannibal Invest AS in accordance with the terms of the Rights Issue. The remaining 12,261 new shares subscribed constitute over-subscription, and there can be no assurance that new shares (or the corresponding number of Warrants as set out below) will be allocated for such over-subscription.

Further, in accordance with the terms of the Rights Issue, Hannibal Invest AS has at the same time subscribed for in total 300,000 Warrants, of which 18,391 Warrants relate to over-subscription.

Please see the attached PDMR form for further details.