(Arendal, April 20, 2025) Today, Arendals Fossekompani published its Annual
Report, which includes the Corporate Governance Report. Also published is the
Remuneration Report for 2025.

Consolidated revenue for Arendals Fossekompani Group amounted to NOK 3,711
million. Operating profit (EBIT) was NOK -19 million, corresponding to an
operating margin of -1%.

The Group financial results of 2025 were impacted by strategic measures
implemented during the year. Measures included the divestment of the majority of
ENRX's Charge business and recognised impairments on several startup
engagements. These measures resulted in impairments and provisions totalling NOK
250 million, impacting the consolidated financials of Arendals Fossekompani in
2025. In addition, lower operating performance in the ENRX Heat division
contributed to the overall result.

In Q4, Tekna completed a fully underwritten rights issue of NOK 300 million. The
rights issue was fully guaranteed by Arendals Fossekompani. The transaction
included the conversion of Arendals Fossekompani's shareholder loan to Tekna,
thereby resetting Tekna's balance sheet and increasing Arendals Fossekompani's
shareholding in Tekna from 69.5% to 72.4%.

On 12 February 2026, TA Associates entered as a new strategic investment partner
in Volue. The transaction will further strengthen Volue's momentum and supports
Volue's ongoing execution of its strategy to become a global leader in
electrification technology. As part of the transaction, Arendals Fossekompani
will receive cash proceeds of approximately EUR 38 million. The final amount is
subject to closing adjustments. Completion of the transaction is subject to
regulatory approvals.

"We end the year in a strong position with NOK 2.8 billion in available
liquidity and an equity ratio of 85% in the parent company, and a more focused
and resilient portfolio. The one-off items that burdened 2025 are behind us. Our
stance is solid, and we remain focused on growth and robustness in all our
businesses," says Benjamin Golding, Chief Executive Officer at Arendals
Fossekompani.

In the Q4 financial statements, reported EBIT for Arendals Fossekompani Group in
2025 was NOK 32 million. After the close of the quarter, additional impairments
of NOK 51 million were recognised in ENRX and Alytic, resulting in consolidated
EBIT for the financial year 2025 of NOK -19 million.

The Annual Report is attached as a PDF file. All reports are published on the
company's website:
https://arendalsfossekompani.no/en/investor-relations/reports-and-presentations

ENDS

For inquiries or additional comments, please contact: 
Hanne Watts, VP Communications & Sustainability: +47 974 04 496

About Arendals Fossekompani | www.arendalsfossekompani.no/en

Arendals Fossekompani is a long-term industrial investment company. We are
active owners and developers of companies enabling the energy transition and
next generation industrial technologies. Established in 1896, we have been a
proud producer of renewable hydropower for more than 100 years. Arendals
Fossekompani is headquartered in Arendal and has been listed at the Oslo Stock
Exchange since 1913.

This information is considered inside information pursuant to the EU Market
Abuse Regulation and is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.