Oslo, Norway, 31 August 2022: Participants in ABL Group ASA's ("ABL Group" or
the "Company") share option program have on 31 August 2022 exercised a total of
5,265,000 options according to the option program for 2019 at a strike price of
NOK 3.32. 

Each option gives a right to receive one share in the Company. The share options
are described in note 16 in ABL Group's annual financial statements for 2021. 

Following the exercise, the Board of Directors, pursuant to authorisation
granted by the Company's Annual General Meeting, has decided to increase the
Company's share capital by NOK 526,500 by issuing 5,265,000 new shares, of par
value NOK 0.1. Subsequent to the transaction, ABL Group's share capital will be
NOK 10,476,986.20 divided into 104,769,862 shares, each share having a par value
of NOK 0.1 and carrying one vote in the Company's general meeting. 


The following options are exercised by primary insiders: 

· 135,000 options are exercised by primary insider of the Company Reuben Segal,
CEO. Following the transaction, Segal and his close associates will own
1,933,003 shares in the Company.

· 135,000 options are exercised by primary insider of the Company Bader Diab,
COO. Following the transaction, Diab will own 1,652,695 shares in the Company.

· 135,000 options are exercised by primary insider of the Company Will Cleverly,
Managing Director Renewables. Following the transaction, Cleverly will own
178,931 shares and 100,000 share options in the Company.

· 135,000 options are exercised by primary insider of the Company Haakon
Brandrud, Director of Strategy and Corporate Development. Following the
transaction, Brandrud will own 413,084 shares in the Company.


Primary insider notifications pursuant to the market abuse regulation article 19
are attached. 

A total of 630,000 vested options were not exercised and will be extended by 1
year.


For further information, please contact:

Investors and financial media:
Dean Zuzic, CFO, ABL Group ASA
Telephone: +47 41 43 35 60

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") offers independent energy and
marine consultancy to the global renewables, maritime and oil and gas sectors.
The group has offices in 38 countries worldwide. ABL Group operates under six
brands: ABL, OWC, Innosea, Longitude, Add Energy and ABL Yachts.