OSLO, Norway (8 March 2024): In order to support ABL Group ASA's (the Company's)
business strategy, long-term interests and financial sustainability, the Company
is introducing Long Term and Short Term employee incentive programmes (LTIP and
STIP) in line with the stated aims of the Remuneration Guidelines (approved at
the 2023 AGM) and as further agreed by the Board of Directors. 

As part of the LTIP, the Company has issued awards of Performance Share Units
(PSUs) to 37 key employees of the Company. The PSUs are granted to members of
the executive and senior leadership teams (each a PSU Holder) and gives the PSU
Holder the right to receive shares in the Company depending on the achievement
of certain performance criteria and subject to continued employment on the
relevant settlement dates. The conversion of PSUs to shares is determined by
performance against two target metrics: (i) group adjusted EBIT (ii) return on
capital employed. Each of the performance metrics is measured for the period 1
January 2024 through 31 December 2024. The Company will notify each PSU Holder
of the total achieved performance and the number of shares earned by the PSU
Holder after announcement of the Q4 results for 2024. The shares will be
delivered to the PSU Holder in 2026 (50%) and 2027 (50%), provided the PSU
Holder remains employed with ABL Group through the settlement dates as well as
no breach of employment conditions and/or ABL Group Code of Conduct. Settlement
of PSUs will be done through use of treasury shares or by issuance of new
shares, as decided by the Board of Directors.

A total of 1,100,00 shares are to be designated for settlement of the 2024 PSUs
which takes into account the maximum achievement under the scheme.  Any shares
not utilised to settle the 2024 scheme will be used in subsequent years.

The Company will also replace the existing bonus scheme by introducing a short
term incentive programme (STIP) for all employees in the group.  All employees
will be awarded a bonus opportunity subject to achievement of certain
performance conditions. The performance under the STIP for the financial year
2024 will be considered by the Board after announcement of the Q4 results for
2024. Payments will be made in cash and/or shares as decided by the Board of
Directors. 

Awards under the LTIP and STIP are intended to be annual, subject to performance
conditions and targets to be updated before each award. 

Details of the primary insider's transactions pursuant to the Market Abuse
Regulation article 19 are attached. 


For further information, please contact: 
Investors and financial media: Stuart Jackson, Chief Financial Officer, ABL
Group ASA Email: stuart.jackson@abl-group.com 

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 41 countries worldwide and
operates under four main brands: ABL, OWC, Longitude and AGR.