Stavanger, 10 July 2025: Reference is made to the stock exchange announcement by Moreld ASA ("Moreld" or the "Company") on 8 July 2025, where Moreld launched an offer to all shareholder to purchase up to 2,000,000 shares in the Company through a reverse book building process (the "Offer") (subject to up or down sizing). The application period expired at 16:30 CEST on 10 July 2025. SpareBank 1 Markets AS has been engaged to assist with the Offer.

Following the end of the application period, the Company has resolved to buy 1,856,000 shares at a price of NOK 17.25 per share, which gives an aggregate purchase price of NOK 32 million.

Allocation notifications will be sent to shareholders who tendered shares in the Offer on or around 11 July 2025. The trade date will be 11 July 2025, and the settlement date is expected to be on or around 15 July 2025. The settlement will be conducted on a normal delivery-versus-payment basis (DVP) or via the VPS system.

Following settlement of the Offer, the Company will own 1,856,000 shares in the Company, corresponding to approximately 1% of the shares in issue.

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

For more information, please contact:

CEO Geir Austigard
Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com

CFO Trond Rosnes
Telephone: +47 404 14 494
Email: Trond.rosnes@moreld.com

About Moreld

Moreld is an industrial multi-disciplinary engineering group offering full-scope services across the offshore energy and marine industries, including subsea installations. The group comprises Moreld Apply, Ocean Installer and Global Maritime. Moreld is a major player on the Norwegian continental shelf with an international footprint. The Group is located in 19 countries, giving access to all major offshore markets, and has over 2,800 employees and contractors. For more information, please visit https://moreld.com/.

IMPORTANT NOTICE

The Offer will be carried out in accordance with applicable laws and regulations and information pertaining to the Offer will be disclosed by way of stock exchange notices.

The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions (including, but not limited to, the United States, Canada, Australia and Japan). Neither Moreld nor the Manager assume any responsibility in the event there is a violation by any person of such restrictions. This includes shareholders who have changed their domicile to such jurisdictions but which may access their VPS accounts. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions.

The Offer is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful, require registration or other measures. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States or any such jurisdiction and so doing may invalidate any purported acceptance.