General meeting postponed

To Glex shareholders:

The completion of the audited annual accounts for 2025 has unfortunately been delayed, and the accounts will therefore not be presented for approval at the annual general meeting by June 30.

The delay is due to new clarifications related to the accounting treatment of capitalized R&D costs in connection with the company's SkatteFUNN projects. The clarifications were published by The Norwegian Institute of Public Accountants (Revisorforeningen) on June 11, 2026 after dialogue with the The Norwegian Tax Administration. The consequences of these clarifications for Glex's accounts were first made known to the company in connection with audit work this week, and further review and adjustments are therefore necessary before the accounts can be completed.

The board will convene an annual general meeting as soon as the audited annual accounts for 2025 are available.

Kind regards
Susanne Møgster Sperrevik
Chairman, Glex AS