NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN,
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WOULD BE UNLAWFUL.

10 February 2025 - Reference is made to the stock exchange announcement made by
Endúr ASA ("Endúr" or the "Company") earlier today, where the Company announced
an underwritten equity issue in connection with the contemplated acquisitions of
100% of the shares in Total Betong AS, Igang Totalentreprenør AS, and Habto
Holding AS, including 100% of the shares in HAB Construction AS and between 51%
and 100% of the shares in ProPoint Survey AS (jointly, the "Totalbetong
Acquisitions") from Totalbetong Gruppen AS and certain minority sellers.

Endúr hereby announces a contemplated private placement by the issuance of
between 4,166,666 and 4,861,111 new shares in the Company ("Offer Shares"), at a
fixed subscription price of NOK 72.00 per Offer Share (the "Offer Price"), to
raise gross proceeds of between NOK 300 million and NOK 350 million (the
"Private Placement"). The Company has appointed Arctic Securities AS and Danske
Bank, Norwegian branch, as joint bookrunners for the Private Placement
(together, the "Managers"). The final number of Offer Shares to be issued will
be determined by the Company's board of directors (the "Board") in consultation
with the Managers following expiry of the Application Period (see below).

The net proceeds to the Company from the Private Placement will be used to
partly finance the cash settlement of the consideration for the Totalbetong
Acquisitions, short-term net working capital needs, general corporate purposes
and a buffer.

Kverva Finans AS ("Kverva") has, subject to customary conditions, pre-committed
to apply for Offer Shares at the Offer Price for NOK 250 million, and will be
allocated Offer Shares for at least NOK 250 million, and has accepted to be
allocated Offer Shares that are not applied for during the Application Period
(as defined below) for up to NOK 300 million pursuant to a subscription and
underwriting agreement entered into with the Company on 10 February 2025 (the
"SUWA"). An underwriting fee equal to 3.0% of the underwriting commitment will
be payable by the Company to Kverva in the form of 125,000 new shares in the
Company at the Offer Price (the "Underwriting Shares"). 

In addition, members of the Company's Board and management have pre-committed to
apply for Offer Shares at the Offer Price for an aggregate amount of approx. NOK
3.5 million.

The issuance of Offer Shares and the Underwriting Shares will be subject to
approval by an extraordinary general meeting of the Company expected to be held
on or about 4 March 2025 (the "EGM"). Furthermore, the share capital increase
pertaining to exercise of a total of 215,500 options by certain members of Board
and other participants as announced on 10 February 2025 (110,500 options at a
strike price of NOK 41.25 and 105,000 options at a strike price of NOK 44.88)
will be proposed resolved by the EGM.

Timeline and terms of the Private Placement

The application period in the Private Placement commences today, 10 February
2025 at 16:30 CET and closes on 11 February 2025 at 08:00 CET (the "Application
Period"). The Board reserves the right, at its sole discretion, to close,
shorten, or extend the Application Period at any time and for any reason on
short or without notice. If the Application Period is shortened or extended, the
other dates referred to herein may be changed accordingly. 

Conditional allocation of Offer Shares will be made after the expiry of the
Application Period at the sole discretion of the Board in consultation with the
Managers. Allocation will be based on criteria such as (but not limited to)
existing ownership in the Company, pre-commitments, price leadership, timeliness
of order, relative order size, perceived investor quality, sector knowledge and
investment horizon. 

Notification of conditional allocation will be issued to applicants on or about
11 February 2025 through a notification to be issued by the Managers.

The Private Placement is directed towards investors subject to applicable
exemptions from relevant registration, filing and prospectus requirements, and
subject to other applicable selling restrictions. The minimum application and
allocation amount has been set to the NOK equivalent of EUR 100,000 per
investor. However, the Board may, at its sole discretion, allocate Offer Shares
for an amounts below the NOK equivalent of EUR 100,000 to the extent permitted
by applicable exemptions from the prospectus requirements pursuant to Regulation
(EU) 2017/1129 on prospectuses for securities and ancillary regulations. Further
selling restrictions and transaction terms will apply.

Timeline and settlement

The Offer Shares allocated in the Private Placement will be settled on a
delivery-versus-payment (DVP) basis on or about 6 March 2025, subject to
fulfilment of the Conditions (see below), by delivery of existing and
unencumbered shares in the Company already admitted to trading on Euronext Oslo
Børs pursuant to a share lending agreement entered into between the Company, the
Managers, and Artec Holding AS as share lender on 10 February 2025 (the "Share
Lending Agreement"). The Offer Shares allocated in the Private Placement are
expected to be tradable on Euronext Oslo Børs on or about 4 March 2025. The
Managers will settle the share loan under the Share Lending Agreement with new
shares in the Company to be issued by the EGM. 

Conditions for completion of the Private Placement

The completion of the Private Placement by delivery of Offer Shares to investors
is subject to (i) all corporate resolutions required to implement the Private
Placement being validly made, including the Board resolving to consummate the
Private Placement and conditionally allocate the Offer Shares and the EGM
resolving to issue the Offer Shares and the Underwriting Shares or authorising
the Board to do so, (ii) the SUWA remaining in full force and effect, (iii) the
Share Lending Agreement remaining in full force and effect, and (iv) the
agreements for the Totalbetong Acquisitions remaining in full force and effect
(jointly, the "Conditions").

The Company reserves the right to cancel and/or modify the terms of the Private
Placement at any time and for any reason prior to notification of allocation.
The applicants also acknowledge that Private Placement will be cancelled if the
Conditions are not fulfilled. Neither the Company nor the Managers will be
liable for any losses incurred by applicants if the Private Placement is
cancelled and/or modified, irrespective of the reason for such cancellation or
modification. The applicants further acknowledge that completion of the
Totalbetong Acquisitions is not a Condition for completion of the Private
Placement.

Equal treatment considerations and potential subsequent repair offering

The Private Placement has been considered by the Board in light of the equal
treatment obligations under the Norwegian Public Limited Liability Companies
Act, the Norwegian Securities Trading Act, and the rules and guidelines on equal
treatment under Oslo Rule Book II for companies listed on Euronext Oslo Børs.
The Board is of the opinion that the Private Placement is in compliance with
these requirements and guidelines. The issuance of the Offer Shares is carried
out as a private placement to inter alia partly fund the cash settlement of the
consideration for the Totalbetong Acquisitions. By structuring the equity raise
as a private placement, the Company is able to efficiently raise capital for the
abovementioned purpose at a market-based offer price within the timeline for the
Totalbetong Acquisitions. In addition, the Company has received a pre-commitment
and underwriting commitment from Kverva to reduce transaction risk. On the basis
of the above, and taking into account that a repair offering may be carried out
subsequent to the Private Placement (see below), the Board is of the opinion
that the waiver of the preferential rights inherent in the Private Placement is
in the common interest of the Company and its shareholders.

Subject to completion of the Private Placement (including approval by the EGM),
approval and publication of a prospectus and certain other conditions, the Board
may resolve to carry out a subsequent offering of new shares in the Company at
the Offer Price (the "Subsequent Offering"). Any such Subsequent Offering, if
applicable and subject to applicable securities laws, will be directed towards
existing shareholders in the Company as of 10 February 2025 (as registered in
the VPS two trading days thereafter), who (i) were not included in the
wall-crossing phase of the Private Placement, (ii) were not allocated Offer
Shares in the Private Placement, and (iii) are not resident in a jurisdiction
where such offering would be unlawful or would (in jurisdictions other than
Norway) require any prospectus, filing, registration or similar action. The
Company reserves the right in its sole discretion to not conduct or to cancel
any Subsequent Offering.

Advisors

Arctic Securities AS and Danske Bank, Norwegian branch, are acting as Managers
and Wikborg Rein Advokatfirma AS is acting as legal counsel to Endúr in
connection with the Private Placement.

(ENDS)

For further information, please contact:

Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759

Investors
Einar Olsen, CFO of Endúr, tel: +47 924 01 787

About Endúr ASA

Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance
projects and services for marine infrastructure, including facilities for
land-based aquaculture, quays, harbours, dams, bridges and other specialized
concrete and steel projects. The company and its subsidiaries also offer a wide
range of other specialised project and marine services. Endúr ASA is
headquartered in Lysaker, Norway. See www.endur.no.

* * *

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading
Act. This stock exchange announcement was published by Einar Olsen (CFO), at the
date and time as set out above.

IMPORTANT NOTICE

These materials are not and do not form a part of any offer of securities for
sale, or a solicitation of an offer to purchase, any securities of the Company
in the United States or any other jurisdiction. Copies of these materials are
not being made and may not be distributed or sent into any jurisdiction in which
such distribution would be unlawful or would require registration or other
measures. 

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the Private Placement in the
United States or to conduct a public offering of securities in the United
States. Any sale in the United States of the securities mentioned herein will be
made solely to "qualified institutional buyers" (QIBs) as defined in Rule 144A
under the Securities Act, pursuant to an exemption from the registration
requirements under the Securities Act, as well as to major U.S. institutional
investors under SEC Rule 15a-6 to the United States Exchange Act of 1934, as
amended.

In any EEA member state, this communication is only addressed to and is only
directed at qualified investors in that member state within the meaning of the
EU Prospectus Regulation, i.e., only to investors who can receive any offering
of securities referred to in this announcement without an approved prospectus in
such EEA member state. "EU Prospectus Regulation" means Regulation (EU)
2017/1129, as amended (together with any applicable implementing measures in any
EEA member state).

In the United Kingdom, this communication is only addressed to and is only
directed at qualified investors who are (i) investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) persons falling within
Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated
associations, etc.) (all such persons together being referred to as "Relevant
Persons"). These materials are directed only at Relevant Persons and must not be
acted on or relied on by persons who are not Relevant Persons. Any investment or
investment activity to which this communication relates is available only to
Relevant Persons and will be engaged in only with Relevant Persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so. 

This communication contains forward-looking statements concerning future events,
including possible issuance of equity securities of the Company. Forward-looking
statements are statements that are not historical facts and may be identified by
words such as "believe", "expect", "anticipate", "strategy", "intends",
"estimate", "will", "may", "continue", "should" and similar expressions. The
forward-looking statements in this communication are based upon various
assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Actual events may differ
significantly from any anticipated development due to a number of factors,
including, but not limited to, changes in investment levels and need for the
group's services, changes in the general economic, political, and market
conditions in the markets in which the group operate, and changes in laws and
regulations. Such risks, uncertainties, contingencies, and other important
factors include the possibility that the Company will determine not to, or be
unable to, issue any equity securities, and could cause actual events to differ
materially from the expectations expressed or implied in this communication by
such forward-looking statements. The Company does not make any guarantees that
the assumptions underlying the forward-looking statements in this communication
are free from errors.

The information, opinions and forward-looking statements contained in this
communication speak only as at its date and are subject to change without
notice. Each of the Company, the Managers and their respective affiliates
expressly disclaims any obligation or undertaking to update, review, or revise
any statement contained in this communication whether as a result of new
information, future developments or otherwise, unless required by laws or
regulations.

The Managers are acting exclusively for the Company and no one else in
connection with the Private Placement and will not be responsible to anyone
other than the Company for providing the protections afforded to its clients, or
for advice in relation to the contents of this announcement or any of the
matters referred to herein. Neither the Managers nor any of their respective
affiliates make any representation as to the accuracy or completeness of this
announcement and none of them accepts any liability arising from the use of this
announcement or responsibility for the contents of this announcement or any
matters referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. 

Certain figures contained in this announcement, including financial information,
have been subject to rounding adjustments. Accordingly, in certain instances,
the sum or percentage change of the numbers contained in this announcement may
not conform exactly with the total figure given. 

The distribution of this announcement and other information 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. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
Specifically, neither this announcement nor the information contained herein is
for publication, distribution or release, in whole or in part, directly or
indirectly, in or into or from the United States (including its territories and
possessions, any state of the United States and the District of Columbia),
Australia, Canada, Hong Kong, Japan or any other jurisdiction where to do so
would constitute a violation of the relevant laws of such jurisdiction.