Elektroimportøren AS: Compulsory acquisition of shares in Elektroimportøren AS

Reference is made to the stock exchange announcement published on 3 July 2026
regarding the recommended voluntary cash offer (the "Offer") by Brødrene A. & O.
Johansen A/S (the "Offeror") to acquire all issued and outstanding shares (the
"Shares") in Elektroimportøren AS (the "Company") at a cash consideration of NOK
22.00 per Share (the "Offer Price"), on the terms and conditions set out in the
offer document dated 3 July 2026 (the "Offer Document"). Reference is further
made to the stock exchange announcement published earlier today, on 26 August
2026 at 09:09 CEST, regarding the settlement of the Offer.

Following settlement of the Offer, the Offeror has acquired and holds a total of
46,999,087 Shares in the Company, representing approximately 92.6% of the issued
share capital and voting rights in the Company on a fully diluted basis.

The board of directors of the Offeror has, effective from 16:30 CEST today, 26
August 2026, resolved to carry out a compulsory acquisition of all remaining
Shares in the Company not already owned by the Offeror, pursuant to section 4-26
of the Norwegian Private Limited Liability Companies Act of 13 June 1997 No. 44
(the "Compulsory Acquisition"). As a consequence, the Offeror has assumed
ownership of all Shares in the Company as of today.

The offered redemption amount in the Compulsory Acquisition is NOK 22.00 per
Share, corresponding to the Offer Price (the "Redemption Amount"). The Offeror
has transferred the aggregate Redemption Amount to a settlement account for
onward distribution to the former shareholders as soon as practicable
thereafter.

Settlement of the Redemption Amount is expected to take place as soon as
practicable, and in any event no later than 31 August 2026. A separate notice
regarding the Compulsory Acquisition will be sent to all former shareholders of
the Company subject to the Compulsory Acquisition whose addresses are known. In
addition, the Compulsory Acquisition will be announced through the electronic
notice service of the Norwegian Register of Business Enterprises (Nw.:
Brønnøysundregistrene).

Any objections to, or rejection of, the Redemption Amount must be received by
the Offeror no later than 23:59 CEST on 26 October 2026. Former shareholders of
the Company who do not object to, or reject, the offered Redemption Amount
within this deadline will be deemed to have accepted the offered Redemption
Amount. Objections or rejections will not affect the transfer of ownership of
the Shares to the Offeror, but any objecting shareholder may request a judicial
appraisal of the Redemption Amount in accordance with section 4-26 (2) paragraph
of the Norwegian Private Limited Liability Companies Act.

Following the Compulsory Acquisition, the Offeror will apply for a delisting of
the Shares from Euronext Growth Oslo. A separate stock exchange announcement
will be published in this regard.

Advisors
Arctic Securities AS is acting as financial advisor and receiving agent for the
Offeror. Wikborg Rein Advokatfirma AS is acting as Norwegian legal advisor and
Gorrissen Federspiel Advokatpartnerselskab is acting as Danish legal advisor for
the Offeror. ABG Sundal Collier ASA is acting as financial advisor and
Advokatfirmaet Wiersholm AS is acting as legal advisor for the Company.

Contacts
For further information, please contact:
Jørgen Wist, CFO, Elektroimportøren AS, jorgen@elektroimportoren.no
Per Toelstang, CFO/Deputy CEO, Brødrene A. & O. Johansen A/S, pto@ao.dk

About Elektroimportøren
Elektroimportøren AS is a specialist and fully integrated omnichannel player in
the electrical equipment market, serving both private and professional customers
across Norway and Sweden. The Company controls the entire value chain from
product development and sourcing through its proprietary brands, to distribution
through owned physical stores and e-commerce, and delivery of services and
installations through certified professionals.

About Brødrene A. & O. Johansen A/S
Brødrene A. & O. Johansen A/S is a Nordic distributor of technical installation
materials, founded in 1914 and headquartered in Albertslund, Denmark. The
Offeror employs around 1,000 people and operates across Denmark, Sweden and
Norway. Its revenue for the financial year ended 31 December 2025 amounted to
approximately DKK 6.1 billion. The Offeror's shares are admitted to trading on
Nasdaq Copenhagen. The Offeror has a dual go-to-market model combining digital
solutions with a physical presence and has completed more than ten acquisitions
in recent years. The Offeror is firmly anchored by the founding Johansen family,
which controls approximately 75% of the Offeror's voting rights.

***

Important notice
The terms and conditions of the Offer are governed by Norwegian law. The Offer
is not subject to the take-over regime as stipulated by the Norwegian Securities
Trading Act chapter 6, as the Shares are admitted to trading on Euronext Growth
Oslo, which is not a regulated market. The Offer Document has not been reviewed
or approved by the Norwegian Financial Supervisory Authority, Oslo Stock
Exchange or any other regulatory authority.

The Offer, and the distribution of this announcement and other information in
connection therewith, 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.
The Offer was not and will not be made directly or indirectly in any
jurisdiction where either the Offer or participation therein is prohibited by
applicable law including sanctions law, or where any registration or other
requirements would apply in addition to those applicable under the laws of
Norway or Denmark.

This announcement is for information purposes only and does not constitute an
offer to sell or the solicitation of an offer to acquire the Shares.

Arctic Securities AS is acting as financial advisor and receiving agent solely
for the Offeror in connection with the Offer and will not be responsible to
anyone other than the Offeror for providing the protections afforded to its
clients or for providing advice in relation to the Offer.

Forward-looking statements
This announcement, verbal statements made regarding the Offer and the Compulsory
Acquisition and other information published by the Offeror or the Company may
contain certain statements about the Company, the Offeror and their respective
affiliates and businesses as well as the timing and procedures relating to the
Offer and the Compulsory Acquisition that are or may be forward-looking
statements. These forward-looking statements are subject to a number of risks
and uncertainties, many of which are beyond the Offeror's and the Company's
control, and are based on current beliefs and expectations about future events.
Forward-looking statements are typically identified by the use of
forward-looking terminology such as "believes", "expects", "may", "will",
"could", "should", "intends", "estimates", "plans", "assumes" or "anticipates"
or the negative thereof or other variations thereon or comparable terminology.
By their nature, forward-looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur in the future.
Neither the Company nor the Offeror provides any representation, assurance or
guarantee that the occurrence of the events expressed or implied in any
forward-looking statements in this announcement will actually occur. Any
forward-looking statements made herein speak only as of the date they are made.
The Company and the Offeror disclaim any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements contained in
this announcement other than as required by applicable law.
m any obligation or undertaking to release\
publicly any updates or revisions to any forward-looking statements contained in\
this announcement other than as required by applicable law.\