19 March 2024: Reference is made to the stock exchange announcement by
Elektroimportøren AS ("Elektroimportøren" or the "Company") on 14 February 2024
regarding a successfully completed private placement (the "Private Placement")
of 20,000,000 new shares and potential subsequent repair issue of up to
4,000,000 new shares (the "Subsequent Offering").

In accordance with the authorisation to increase the Company's share capital
granted to the board of directors at the Company's extraordinary General Meeting
held on 29 February 2024, the board of directors has today resolved to launch
the Subsequent Offering and to increase the share capital of the Company by
minimum NOK 0.05 and maximum NOK 200,000, through the issuance of minimum 1 new
share and maximum 4,000,000 new shares, each with a nominal value of NOK 0.05.
The subscription price is NOK 7.50 per share (the "Subscription Price").

The resolution is conditional on the registration of a prospectus prepared for
offering of new shares to eligible shareholders in the Subsequent Offering with
the Norwegian Register of Business Enterprises (the "Prospectus"). It is
expected that the Prospectus will be registered on or about 21 March 2024, and
that the subscription period in the Subsequent Offering will commence at 09:00
hours (CET) on 22 March 2024 and end at 16:30 hours (CEST) on 5 April 2024.

The shareholders of the Company as of 14 February 2024 (being registered as such
in Euronext Securities Oslo, the Norwegian Central Securities Depository (the
"VPS") on 16 February 2024 pursuant to the VPS' standard two days' settlement
procedure (the "Record Date")), who (i) were not allocated offer shares in the
Private Placement and (ii) are not resident in a jurisdiction where such
offering would be unlawful or, for jurisdictions other than Norway, would
require any prospectus, filing, registration or similar actions (the "Eligible
Shareholders"), will be granted with non-tradeable subscription rights (the
"Subscription Rights") that, subject to applicable law, give a right to
subscribe for and be allocated shares in the Subsequent Offering at the
Subscription Price. The Subscription Rights will be registered on each Eligible
Shareholder's VPS account. The board of directors may, at its sole discretion,
resolve exemptions from the eligibility criteria. 

The Eligible Shareholders will be granted 0.51231 Subscription Rights for each
existing share in the Company registered as held by such Eligible Shareholder as
of the Record Date, rounded down to the nearest whole Subscription Right. Each
Subscription Right will, subject to applicable law, give the right to subscribe
for and be allocated one (1) share in the Subsequent Offering. Over-subscription
will be permitted. Subscription without Subscription Rights will not be
permitted.

Allocation of the new shares in the Subsequent Offering is expected to take
place on or about 5 April 2024, and the new shares are expected to be delivered
on or about 18 April 2024 (subject to timely payment of the Subscription Price
and registration of the share capital increase pertaining to the Subsequent
Offering with the Norwegian Register of Business Enterprises). Further
information regarding the Subsequent Offering will be set out in the Prospectus.


DNB Markets, a part of DNB Bank ASA and SpareBank 1 Markets AS are acting as
managers ("Managers") in the Subsequent Offering. Advokatfirma DLA Piper Norway
DA is acting as legal advisor to the Company in relation to the Subsequent
Offering.

For more information, please contact:  
Andreas Niss, CEO Elektroimportøren AS +47 934 67 067
Jørgen Wist, CFO Elektroimportøren AS +47 959 34 619

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