20 November 2024: Reference is made to the announcement made earlier today
regarding the compulsory acquisition of all shares of Beerenberg AS
("Beerenberg" or the "Company") not already owned by Altrad Investment Authority
S.A.S. ("Altrad"), following completion of the unregulated voluntary cash offer
by Altrad to acquire all outstanding shares in the Company (the "Offer").

An extraordinary general meeting of the Company (the "EGM") has today resolved
to apply for a delisting of the shares of Beerenberg from Euronext Growth Oslo.
Accordingly, the Company will apply for a delisting of its shares from Euronext
Growth Oslo as soon as possible.

The EGM also resolved to elect a new board of directors of the Company and to
compensate the former board members for the period from the annual general
meeting on 30 May 2024 to completion of the Offer in accordance with the
transaction agreement entered into between Altrad and the Company on 21 August
2024 regarding the Offer. 

The minutes from the EGM are attached to this announcement.

For further information, please contact: 

Harald Haldorsen, CFO 
Tel. +47 982 34 834 
E-mail: harhal@beerenberg.com

About Beerenberg

Beerenberg has delivered cost efficient solutions to a wide range of industrial
enterprises for 47 years. Beerenberg is one of the leading suppliers of
maintenance and modifications services on the Norwegian Continental Shelf as
well as a global provider of insulating products. The group's expertise covers
the entire life cycle of the petroleum industry from field studies and newbuilds
to maintenance, modifications, and lifetime extensions. The operational
activities are organized in Beerenberg Services and its subsidiaries.
Headquartered in Bergen, Beerenberg has offices in Stavanger and Skien in Norway
and in Poland, UK, South-Korea, Thailand, Brazil, and Singapore. 

To learn more, please visit www.beerenberg.com.