15 May 2024 - ABL Group has entered into an agreement to acquire 100 percent of
the shares of specialist energy consultancy Ross Offshore from Moreld Group.

"We welcome the Ross Offshore team to ABL Group and look forward to the
amalgamation of the business within our AGR brand. This is the latest expansion
of our technical offering in wells and reservoir operations, bringing together
an even deeper pool of expertise, that enables us to support more clients
worldwide across their oil operations. Moreover, Ross Offshore's competency in
marine operations consulting further enhances the Group's market position as
consultant of choice to support energy and marine operations" says Reuben Segal,
CEO of ABL Group.

Following completion of the transaction, Ross Offshore will merge with ABL Group
company AGR, expanding and further strengthening the group's service offering in
wells, reservoir operations and other consultancy services.

"As oil and gas companies have continued to grow over the years, we too need to
expand our capacity and competence to ensure that we can provide the best
possible support to our clients through the challenges they face. AGR first
joined forces with First Geo, then Add Energy, and now Ross Offshore, showing
our commitment to growing with our customers to drive safety and efficiency in
their oil and gas operations in both current and new markets worldwide," says
Svein Sollund, CEO of AGR.

STRATEGIC RATIONALE
o A combination of like-minded companies, with overlapping culture and values,
with highly complementary service portfolios.
o Consolidates recognised expertise of AGR and Ross Offshore in wells and
reservoir consulting and engineering, creating a stronger platform for future
expansion.
o Creates opportunity for both AGR and Ross Offshore together to accelerate the
globalisation of their service portfolio, leveraging the wider ABL Group's
global footprint and expansive client network.
o Chance to enhance both AGR and Ross Offshore's growing resource consultancy
businesses, bringing value to the oil and gas industry, and accelerating ongoing
expansion to support renewable energy sectors.
o Enhances ABL Group's growing service offering to support energy and marine
operations, with Ross Offshore's service portfolio in marine operations
consulting.

"As part of ABL Group, Ross Offshore will have the opportunity to expand both
its core technical competency in wells and reservoirs, its growing offering in
marine operations consulting, and its vision to grow in CCS and geothermal
technologies. This merger also creates an even stronger platform off which both
Ross Offshore and AGR together can globalise their expertise and expand beyond
their established markets," continues Segal, CEO of ABL Group.

ABOUT ROSS OFFSHORE
Ross Offshore was established in 1997 as a consulting company in Sandefjord,
Norway. Since then, the company has grown to be a complete provider of drilling
and well management services on behalf of operators