ABL Group ASA (or the "Company", ticker: "ABL") has decided to initiate a share
buyback program of up to 250,000 of its own shares, representing approximately
0.2% of the outstanding share capital in the Company.

The buyback program will be conducted in accordance with the authorization
granted to the Board of Directors at the Annual General Meeting on 31 May 2023.

Under the share buyback program, shares may be acquired for a total maximum
amount of NOK 5,000,000 and for a maximum of 250,000 shares. 

The number of shares acquired per day shall not exceed 25% of the average daily
trading volume in the 20 trading days preceding the relevant purchase date. 

The repurchase will be conducted in the period from 20 March 2024 until the date
the maximum number of shares have been repurchased. If the repurchase is not
completed before the 2024 Annual General Meeting (expected on or about 29 May
2024), the repurchase shall be temporarily paused and may later continue,
subject to the Board's renewed approval, in accordance with a new authorization
to repurchase shares expected to be granted to the Board of Directors by the
2024 Annual General Meeting. This means that repurchase of shares may be
continued after the date of the 2024 Annual General Meeting, until the earlier
of the date the maximum number of shares have been acquired and 30 June 2024. 

The purpose of the share buyback program is to meet near term contractual
obligations on past M&A transactions and to fulfil obligations in connection
with employee share programs. Any shares purchased will be held in treasury
until used for the above purposes. 

The buyback program will be managed by Arctic Securities AS, which will make its
trading decisions in relation to the acquisition of shares independently of, and
uninfluenced by, the Company.

The transactions will be conducted in accordance with the Market Abuse
Regulation (EU) No 596/2014, Commission Delegated Regulation (EU) 2016/1052 and
Euronext Oslo Børs' Guidelines for buyback programs and stabilization dated
February 2021.

For further information, please contact: 

Stuart Jackson, Chief Financial Officer
Email: stuart.jackson@abl-group.com

Haakon Brandrud, Director of Strategy and Corporate Development
Email: haakon.brandrud@abl-group.com

This information is published in accordance with the requirements set out in
Article 5 of the Market Abuse Regulation and subject to the disclosure
requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.