Volue - Disclosure of shareholding and notification of trade	

Arendal, 17 February 2021. Arendal Fossekompani ASA ("AFK") has today sold
16,940,200 shares in Volue AS ("Volue" or the "Company"), representing 11.80 per
cent of the share capital in the Company, at a price per share of NOK 58.50 for
total gross proceeds of NOK 991 million. The shares were sold to a group of six
high quality Nordic and international institutional investors in a process
managed by ABG Sundal Collier ASA and Arctic Securities AS as joint lead
managers and joint bookrunners (the "Joint Bookrunners") and Pareto Securities
AS as co-lead manager (the "Placing").

In connection with the Q4 results on 12 February 2021, Volue reiterated the
Company's intention to list on the main list of the Oslo Stock Exchange during
H1 2021. From AFK's point of view, the Placing is an integral part of that
process bringing in new high quality investors as shareholders in Volue while at
the same time increasing the free float and facilitating further liquidity in
the Company's shares. 

Due to, inter alia, the strong interest in Volue through reverse enquiries and
the favourable development in the share price since the private placement and
listing of the Company on Euronext Growth Oslo in October last year, the Joint
Bookrunners agreed to waive the 180 days lock-up agreement brought onto AFK's
shareholding for the shares sold as part of the Placing against a customary
lock-up undertaking from AFK with respect to all shares not sold as part of
Placing for a period of 90 days.

After the transaction, AFK owns 91,793,309 shares in Volue, representing 63.93
per cent of the share capital in the Company. AFK is represented on the Board of
Directors in the Company by Ørjan Svanevik (Chairman), Lars Peder Fosse Fensli
and Ingunn Ettestøl.

For additional comments, please contact: 
Ørjan Svanevik, CEO of Arendals Fossekompani, +47 414 51 560