Reference is made to the stock exchange notice of 1 July 2022 regarding BEWI
entering an agreement to acquire 100 per cent of the Lithuanian insulation
company UAB Baltijos Polistirenas (BalPol). BEWI today announces that the
transaction has been finalised.

BalPol has approximately 150 employees and currently operates two downstream
facilities, whereas one facility produces PIR and MW sandwich panels and PIR
insulation boards, while the other produces insulation solutions from EPS for
construction and packaging products from EPS and EPE. For further details, see
the stock exchange notice of 1 July 2022.

The total consideration for the shares in BalPol amounts to approximately EUR
28.8 million, whereof 50 per cent has been paid in cash and 50 per cent has been
settled by the issuance of 2,238,188 consideration shares in BEWI at a share
price of NOK 64.64 per share. The price per share is calculated based on a three
(3) months weighted average price from 23 August 2022. The share capital
increase was resolved by the board of directors by use of the authorisation
granted by the annual general meeting on 2 June 2022.

Contact:

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

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 Oslo Børs under ticker BEWI.

This information is subject to the disclose requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.