Holding Akvaservice AS, which owns 82.063% of the shares in Lumarine AS, entered into a share purchase agreement (the “SPA”) with Ode AS on 28 February 2026 regarding the sale of a minimum of 90% of the shares in the Company, at a price of NOK 0.5680 per share.

Following dialogue between the Company, Holding Akvaservice and certain other shareholders, shareholders collectively representing more than 90% of the shares have already acceded to the SPA at the time of publication. 

Remaining shareholders are given the opportunity to sell their shares to Ode AS on the same terms and conditions, including the same price per share, by submitting a duly executed accession undertaking (the “Accession Undertaking”) in accordance with Schedule 1 to the SPA. The deadline for returning the signed Accession Undertaking is 20 March 2026, and it must be sent to Karl Christian Baumann at kcb@lumarine.no.

Closing under the SPA is expected to occur on or about 27 March 2026, provided that the conditions for completion are satisfied (or waived by Ode) and that all formalities with the settlement agent are completed. 

Further reference is made to the attached information letter and the SPA entered into between Holding Akvaservice AS and Ode AS.  

Contact:
Karl Christian Baumann, CEO
Email: kcb@lumarine.no