Reference is made to the stock exchange announcement of 2 February 2021 where
the Company announced the entering into of a share purchase agreement with Jörn
Ryberg Holding AB og Cygnus Olor AB to acquire 100 percent of the shares in
Marcon-gruppen i Sverige AB ("Marcon"), a leading Swedish company engaged in
marine infrastructure and civil engineering activities (the "Transaction"). 

In order to facilitate an appropriate completion of the Transaction, the parties
have agreed to carry out the completion, including the payment of the purchase
price as further described in the stock exchange announcement of 2 February, in
two phases and have entered into an addendum in this respect. In the first phase
35 percent of the shares in Marcon shall be transferred against settlement of
shares in Endúr, such settlement shall take place  prior to the upcoming
extraordinary general meeting in Endúr on 10 March 2021. The consideration
shares will be issued under the existing authorisations to issue shares granted
to the board of directors of Endúr. 

In the second phase the remaining 65% of the shares in Marcon shall be
transferred against settlement of cash payment, such closing to take place
within five Business Days following the extraordinary general meeting on 10
March 2021. 

For further information, please contact:
Media - Hans Olav Storkås, CEO of Endúr, tel: +47 901 22 744 
Investors - Lasse B. Kjelsås, CFO of Endúr, tel: +47 908 49 772