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") earlier today regarding a contemplated private placement of new
shares in the Company (the "Private Placement").

BEWI is pleased to announce that the Private Placement has been successfully
placed, allocating 44,800,000 new shares ("Offer Shares") at NOK 20.00 per Offer
Share (the "Offer Price"), raising gross proceeds to the Company of NOK 896
million, equivalent to EUR 75 million.

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

DNB Carnegie, a part of DNB Bank ASA, and Nordea Bank Abp, filial i Norge, acted
as joint bookrunners in the Private Placement (jointly, the "Managers").

Timeline and settlement

Notification of allocation of Offer Shares (conditional in respect of Tranche 2,
see below) are expected to be issued by the Managers on 21 August 2025.

The Private Placement consists of one tranche with 38,344,458 Offer Shares,
representing 20% of the current outstanding shares in the Company, which has
been resolved issued by the Company's board of directors (the "Board") pursuant
to the authorisation granted by the Company's annual general meeting on 21 May
2025 ("Tranche 1"), and a second tranche with 6,455,542 Offer Shares,
representing 3.4% of the current outstanding shares in the Company, which will
be proposed issued by an extraordinary general meeting of the Company expected
to be held on 11 September 2025 (the "EGM") ("Tranche 2"). Offer Shares
allocated in Tranche 1 and Tranche 2 (conditional) 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 the Oslo Stock Exchange pursuant to a
share lending agreement expected to be entered into between the Managers, the
Company and BEWI Invest AS (the "Share Lending Agreement").

The Offer Shares in Tranche 1 will be delivered on a DVP T+2 basis on or about
25 August 2025 and be tradable upon allocation. The Offer Shares in Tranche 2
are expected to be delivered on a DVP basis on or about 15 September 2025 and be
tradeable following and subject to approval of the issuance of the Tranche 2
Offer Shares by the EGM. The Managers will settle the share lending arrangement
for Tranche 2 with new shares in the Company to be issued and redelivered to the
share lender on a separate ISIN, and such shares will not be tradable on the
Oslo Stock Exchange until a prospectus has been approved by the Financial
Supervisory Authority of Norway and published by the Company (the "Prospectus").
BEWI Invest AS has been allocated a number of Tranche 1 Offer Shares as required
to maintain an ownership above 50% in the Company's share capital following
completion of Tranche 1, and its remaining allocation is made in Tranche 2 (see
further details below). All new investors have been allocated Offer Shares in
Tranche 1, and existing shareholders pro-rata between Tranche 1 and Tranche 2.

Following registration of the share capital increase pertaining to the issuance
of Offer Shares in Tranche 1, the Company's share capital will be NOK
230,066,748, divided into 230,066,748 shares, each with a par value of NOK 1.00.
Following registration of the share capital increase pertaining to the issuance
of Offer Shares in both Tranche 1 and Tranche 2, the Company's share capital
will be NOK 236,522,290, divided into 236,522,290 shares, each with a par value
of NOK 1.00.

Allocation of Offer Shares

The following close associates of primary insiders in BEWI have been allocated
Offer Shares at the Offer Price in the Private Placement as follows:

- BEWI Invest AS, close associate of Christian Bekken (CEO), has been allocated
17,305,113 Offer Shares in Tranche 1 and 5,583,207 Offer Shares in Tranche 2 (in
aggregate NOK ~458 million)