23 August 2023 - Reference is made to the stock exchange announcement dated 26
June 2023 regarding ABL Group ASA subsidiary OWC's planned acquisition of
Denmark-based offshore wind consultancy Delta Wind Partner ApS (DWP). The
acquisition has today been successfully completed. 

DWP is a specialist solutions provider for wind turbine generators (WTG). 

The acquisition expands OWC's technical offering in wind turbines and in
consultancy at the installation and O&M phases of an offshore wind project. It
also provides an opportunity to further grow DWP's unique approach to WTG
optimisation both globally and in the floating offshore wind market. DWP has a
track-record of supporting both bottom-fixed and floating wind projects.

The addition of DWP also gives OWC and ABL Group a local presence in the Danish
market, increasing the opportunity to support Denmark in delivering its
renewable energy targets. Similarly, the acquisition provides DWP an opportunity
to expand its expertise internationally across OWC's office network spanning 14
countries in the world's key offshore wind regions.  

OWC has acquired 100 percent of the shares in Delta Wind Partners for a total
closing consideration of approximately DKK 11.4 million (USD 1.7 million). The
consideration is settled as follows:
-	Issuance of 413,838 ordinary ABL Group shares (the "Consideration Shares") at
a subscription price of NOK 15.29 per ABL Group share, based on the 20-day value
weighted average share price on 26 June 2023. 
-	DKK 7.4 million (USD 1.1 million) settled in cash on completion (the "Cash
Consideration").

The Consideration Shares are subject to a lock-up agreement and certain
restrictions for 3-5 years, and will be issued pursuant to authorisation granted
to the Board of Directors by ABL Group ASA's Annual General Meeting on 31 May
2023. Subsequent to the transaction, ABL Group ASA's share capital will be NOK
12,335,036.70 divided on 123,350,367 shares each with a par value of NOK 0.10.

OWC is a specialist global consultancy that helps develop and deliver projects
and investments in offshore and onshore wind, solar PV, battery energy storage,
hydrogen, and wave & tidal energy.  The company specialises in project
development services, owner's engineering and technical due diligence. OWC also
includes geo-consulting specialists East Point Geo, and the French marine
renewable energies specialists Innosea.


For further information, please contact:

Investors and financial media:
Stuart Jackson, CFO, ABL Group ASA
Email: stuart.jackson@abl-group.com

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05 
Email: endre.johansen@corpcom.no 

About ABL Group
ABL Group (OSE: ABL Group ASA - ticker code "ABL") is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 39 countries worldwide and operates under four
brands: ABL, OWC, Longitude and AGR.