NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Reference is made to the stock exchange announcement made by BEWI ASA ("BEWI" or
the "Company") at 07:00 CEST today where the Company announced a potential
equity issue with the assistance of DNB Carnegie, a part of DNB Bank ASA, and
Nordea Bank Abp, filial i Norge, as joint bookrunners (jointly, the "Managers").

BEWI hereby announces a contemplated private placement of new shares in the
Company (the "Offer Shares") to raise gross proceeds of the NOK equivalent of
EUR 75 million (the "Private Placement"). The price per Offer Share in the
Private Placement will be determined by a bookbuilding and denominated in NOK
(the "Offer Price"). The final number of Offer Shares to be issued will be
determined by the Company's board of directors (the "Board") in consultation
with the Managers following expiry of the bookbuilding period.

The Managers have received indications of interest to subscribe for Offer Shares
so that the Private Placement is covered on indications of interest at the start
of the bookbuilding period.

The net proceeds from the Private Placement will be used to strengthen the
Company's balance sheet and for general corporate purposes.

The following investors have pre-committed to apply for, and will be allocated,
Offer Shares in the Private Placement at the Offer Price as follows:

  · BEWI Invest AS ("BEWI Invest"), owning 51.09% of the shares and votes, for
their pro rata share of the Private Placement
  · HAAS AS, owning 17.04% of the shares and votes, for NOK 15 million
  · Kverva Industrier AS, owning 8.84% of the shares and votes, for their pro
rata share of the Private Placement

The bookbuilding period for the Private Placement will commence on 20 August
2025 at 16:30 CEST and end on 21 August 2025 at 08:00 CEST. The Company may,
however, at its sole discretion and in consultation with the Managers extend or
shorten the bookbuilding period at any time and for any reason and on short or
without notice. If the bookbuilding period is extended or shortened, the other
dates referred to herein might be changed accordingly.

The Private Placement is directed towards Norwegian and international investors,
subject to applicable exemptions from relevant registration, filing and offering
prospectus requirements, and subject to other applicable selling restrictions.
The minimum application and allocation amount has been set to the NOK equivalent
of EUR 100,000. The Board may however, at its sole discretion, allocate Offer
Shares for amounts below the NOK equivalent of EUR 100,000 to the extent
exemptions from the prospectus requirement in accordance with applicable
regulations, including the Norwegian Securities Trading Act and ancillary
regulations, are available. Further selling restrictions and transaction terms
will apply.

Allocation of Offer Shares (conditional in respect of Tranche 2, see below) will
be made at the sole discretion of the Board after input from the Managers.
Allocation will be based on criteria such as (but not limited to) pre
-commitments, perceived investor quality, existing ownership in the Company,
price leadership, timeliness of the application, early indication, relative
order size, sector knowledge, investment history and investment horizon. There
is no guarantee that any potential investor will be allocated Offer Shares.

Settlement and conditions

The Private Placement consists of one tranche with 38,344,458 Offer Shares,
representing 20% of the current outstanding shares in the Company ("Tranche 1"),
and a second tranche with a number of Offer Shares which results in a total
transaction (i.e., both tranches) that equals the final offer size ("Tranche
2"). Offer Shares in Tranche 1 and Tranche 2 will be settled on a delivery
versus payment ("DVP") basis by delivery of existing and unencumbered shares in
the Company already admitted to trading on Euronext Oslo Børs pursuant to a
share lending agreement (the "Share Lending Agreement").

Delivery of Tranche 1 Offer Shares will be made on a DVP T+2 basis on or about
25 August 2025 and the Offer Shares in Tranche 1 are tradable upon allocation.
Delivery of Tranche 2 Offer Shares is expected to take place on or about 15
September 2025, and will be tradeable following and subject to approval of the
issuance of the Tranche 2 Offer Shares by the EGM (as defined below).  The
Managers will settle the share lending arrangement for Tranche 2 with new shares
in the Company to be issued and delivered to the share lender on a separate
ISIN, and such shares will not be tradable on Euronext Oslo Børs until a listing
prospectus has been approved by the Financial Supervisory Authority of Norway
and published by the Company. BEWI Invest will be allocated a number of Tranche
1 Offer Shares as required to maintain an ownership above 50% in the Company
following completion of Tranche 1, with its remaining allocation to be made in
Tranche 2. Subject to this, all new investors will be allocated Offer Shares in
Tranche 1, and existing shareholders will receive allocations pro-rata between
Tranche 1 and Tranche 2.

Completion of the Private Placement by delivery of Offer Shares to investors is
subject to (i) all necessary corporate resolutions required to implement the
Private Placement being validly made by the Company, including the Board
resolving to allocate the Offer Shares (conditionally in respect of Tranche 2)
and issue the Offer Shares in Tranche 1 pursuant to the board authorisation
granted by the annual general meeting in the Company on 21 May 2025, and (ii)
the Share Lending Agreement remaining unmodified and in full force and effect
pursuant to its terms and conditions. Completion of delivery of the Offer Shares
in Tranche 2 is further subject to (i) completion of Tranche 1, (ii) an
extraordinary general meeting of the Company expected to be held on or about 11
September 2025 (the "EGM") resolving the share capital increase pertaining to
the issuance of the Tranche 2 Offer Shares, and (iii) the Share Lending
Agreement remaining unmodified and in full force and effect pursuant to its
terms and conditions.

Completion of Tranche 1 is not conditional upon completion of Tranche 2, and
delivery of Offer Shares under Tranche 1 will remain final and binding and
cannot be revoked, cancelled or terminated by the respective applicants even if
Tranche 2, for whatever reason, is not completed.

By applying for the Offer Shares, applicants allocated Offer Shares will
undertake to vote for all of their shares in the Company in favour of the
resolutions at the EGM, including pertaining to the issuance of the Offer Shares
in Tranche 2 of the Private Placement.

Equal treatment

The Private Placement entails a deviation from the shareholders' preferential
rights to subscribe for the Offer Shares. The Board has considered the Private
Placement in light of the equal treatment obligations under the Norwegian Public
Limited Liability Companies Act and the Norwegian Securities Trading Act, and is
of the opinion that it is in compliance with these requirements. The issuance of
the Offer Shares is carried out as a private placement in order to inter alia
strengthen the Company's balance sheet. By structuring the fundraising process
as a private placement, the Company is able to efficiently raise capital for the
abovementioned purpose at a market-based offer price. In addition, the Company
has received pre-commitments and support from larger shareholders and selected
potential new long-term investors to reduce transaction risk. The Board has
further taken into consideration that BEWI had the opportunity to raise
significant funds quickly, while structuring the fundraising as a rights issue
directed at all shareholders would have entailed significant costs and taken
several months to complete. On the basis of the above, and an assessment of the
current equity markets as advised by the Managers, deal execution risk, and
available alternatives, the Board is of the opinion that the waiver of the
preferential rights inherent in the Private Placement is in the common interest
of the Company and its shareholders.

Advisors

DNB Carnegie, a part of DNB Bank ASA, and Nordea Bank Abp, filial i Norge, are
acting as Managers in the Private Placement.

Wikborg Rein Advokatfirma AS is acting as a legal advisor to the Company in
connection with the Private Placement.

For further information, please contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756
1959

Marie Danielsson, CFO BEWI ASA, tel: +46 70 661 00 47

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation
solutions. The company's commitment to sustainability is integrated throughout
the value chain, from production of raw materials and end goods, to recycling of
used products. With a vision to protect people and goods for a better every day,
BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Euronext Oslo Børs under ticker BEWI.

This information is considered to be 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. This information was
submitted for publication, through the agency of the contact persons set out
above, on the time and date provided.

Important information

These materials are not and do not form a part of any offer of securities for
sale, or a solicitation of an offer to purchase, any securities of the Company
in the United States or any other jurisdiction. Copies of these materials are
not being made and may not be distributed or sent into any jurisdiction in which
such distribution would be unlawful or would require registration or other
measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the Private Placement in the
United States or to conduct a public offering of securities in the United
States. Any sale in the United States of the securities mentioned herein will be
made solely to "qualified institutional buyers" (QIBs) as defined in Rule 144A
under the Securities Act, pursuant to an exemption from the registration
requirements under the Securities Act, as well as to major U.S. institutional
investors under SEC Rule 15a-6 to the United States Exchange Act of 1934, as
amended.

In any EEA member state, this communication is only addressed to and is only
directed at qualified investors in that member state within the meaning of the
EU Prospectus Regulation, i.e., only to investors who can receive any offering
of securities referred to in this announcement without an approved prospectus in
such EEA member state. "EU Prospectus Regulation" means Regulation (EU)
2017/1129, as amended (together with any applicable implementing measures in any
EEA member state).

In the United Kingdom, this communication is only addressed to and is only
directed at qualified investors who are (i) investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) persons falling within
Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated
associations, etc.) (all such persons together being referred to as "Relevant
Persons"). These materials are directed only at Relevant Persons and must not be
acted on or relied on by persons who are not Relevant Persons. Any investment or
investment activity to which this communication relates is available only to
Relevant Persons and will be engaged in only with Relevant Persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

This communication contains forward-looking statements concerning future events,
including possible issuance of equity securities of the Company. Forward-looking
statements are statements that are not historical facts and may be identified by
words such as "believe", "expect", "anticipate", "strategy", "intends",
"estimate", "will", "may", "continue", "should" and similar expressions. The
forward-looking statements in this communication are based upon various
assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Actual events may differ
significantly from any anticipated development due to a number of factors,
including, but not limited to, changes in investment levels and need for the
group's services, changes in the general economic, political, and market
conditions in the markets in which the group operate, and changes in laws and
regulations. Such risks, uncertainties, contingencies, and other important
factors include the possibility that the Company will determine not to, or be
unable to, issue any equity securities, and could cause actual events to differ
materially from the expectations expressed or implied in this communication by
such forward-looking statements. The Company does not make any guarantees that
the assumptions underlying the forward-looking statements in this communication
are free from errors.

The information, opinions and forward-looking statements contained in this
communication speak only as at its date and are subject to change without
notice. Each of the Company, the Managers, and their respective affiliates
expressly disclaims any obligation or undertaking to update, review, or revise
any statement contained in this communication whether as a result of new
information, future developments or otherwise, unless required by laws or
regulations.

The Managers are acting exclusively for the Company and no one else in
connection with the Private Placement and will not be responsible to anyone
other than the Company for providing the protections afforded to its clients, or
for advice in relation to the contents of this announcement or any of the
matters referred to herein. Neither the Managers nor any of their respective
affiliates make any representation as to the accuracy or completeness of this
announcement and none of them accepts any liability arising from the use of this
announcement or responsibility for the contents of this announcement or any
matters referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company.

Certain figures contained in this announcement have been subject to rounding
adjustments. Accordingly, in certain instances, the sum or percentage change of
the numbers contained in this announcement may not conform exactly with the
total figure given.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
Specifically, neither this announcement nor the information contained herein is
for publication, distribution or release, in whole or in part, directly or
indirectly, in or into or from the United States (including its territories and
possessions, any state of the United States and the District of Columbia),
Australia, Canada, Hong Kong, Japan or any other jurisdiction where to do so
would constitute a violation of the relevant laws of such jurisdiction.