May 13, 2024 - Marcon-Gruppen i AB Sverige AB ("Marcon"), a wholly owned
subsidiary of Endúr ASA ("Endúr"), has through Stockholms Vattenentreprenader AB
("Sventab") been awarded a new contract for Stockholm Vatten AB in the central
Stockholm region.

Sventab has been awarded the contract Bräddutlopp Saltsjökvarn with a value of
approxiamtely SEK 76 million. The existing overflow discharge lines from
Henriksdal's treatment plant were established in the 1930s and the contract
includes the establishment of a new overflow pipe, removal and installation of a
new connection chamber and removal of existing regulation chamber and pier with
associated lines. The scope of work also includes restoration of land and
shoreline with erosion protection. The cable length is approximately 280 meters
in total, of which approximately 20 meters on land. The line is made of PE and
has an inner dimension of 2 000 mm. The line runs from land down to a water
depth of 25 meters.

"This award is a confirmation and recognition of the competence and efforts
demonstrated by our workforce in Sventab, and provides a scope of work that is
well known to our organization", says General Manager of Sventab, Roine
Wretling.

The on-site construction works are planned to start in September 2024 and are
estimated to end in March 2026, with a summer break in May-August 2025.

For further comments, contact:

Media:
Kenneth Andersson, CEO Marcon Gruppen: +46 (0) 70 635 45 08
Jeppe Raaholt, CEO of Endúr ASA: +47 976 69 759

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

About Endúr
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 specialised
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.