02 July 2025 - Repstad Anlegg AS ("Repstad"), a wholly owned subsidiary of Endúr
ASA ("Endúr"), has been awarded a new contract for a design and build project
initiated by Porsgrunn Municipality ("Porsgrunn kommune"). The project, referred
to as Østre Brygge, has an evaluated offered price of approximately NOK 394
million.

Repstad Anlegg delivered the highest-rated solution among three qualified
bidders, and its concept proposal will form the basis for further concept
development and planning of the Østre Brygge waterfront redevelopment. The
selection is based on a comprehensive evaluation where Repstad scored highest on
several key qualitative criteria, including functionality, technical and
environmental process planning, and conceptual quality. 

The project comprises the transformation of a central urban waterfront area in
Porsgrunn, featuring new quay structures, promenades, green spaces, and
recreational zones. Repstad's proposal was particularly noted for its
architectural quality, active urban design, public accessibility, and thoughtful
integration of marine and community functions.

"We are proud to be awarded this important contract, especially considering the
strong competition and the fact that our offer was not the lowest-priced. This
recognition underlines the strength of our technical solution, our focus on
quality and sustainability, and our ability to create functional and engaging
public spaces," says Bernt Olav Holen, General Manager of Repstad.

The contract award is subject to a following the expiry of a mandatory waiting
period on 12 July, and final political approval by the municipality. If
approved, construction is expected to begin during 2026.

ENDS

For further information, please contact:

Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759
Bernt Olav Holen, General Manager of Repstad, tel: +47 906 70 156

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 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.