Fredag 14 Mars | 12:42:13 Europe / Stockholm
2025-03-04 12:17:30
4 March 2025 - Reference is made to the stock exchange announcement made by
Endúr ASA ("Endúr") on 11 February 2025 regarding the notice of an extraordinary
general meeting in relation to inter alia the Totalbetong Acquisitions, the
Private Placement, and a potential Subsequent Offering (all as defined therein).

The extraordinary general meeting was held today, 4 March 2025 at 11:00 CET. As
follows from the attached minutes, all matters were resolved as proposed,
including the share capital increases pertaining to the issuance of (i)
4,861,111 new shares in the Private Placement, (ii) 125,000 new shares to Kverva
Finans AS as settlement of its entitlement to underwriting commission pursuant
to the subscription and underwriting agreement entered into with Endúr on 10
February 2025, and (iii) 215,500 new shares following the exercise of share
options by certain members of Endúr's board of directors and other employees on
10 February 2025, as well as the board authorisations to increase Endúr's share
capital in connection with completion of the Totalbetong Acquisitions and a
potential Subsequent Offering.

Endúr is further pleased to announce that the company has received the required
approval from the Norwegian Competition Authority to complete the Totalbetong
Acquisitions. Subject to fulfilment of the remaining closing conditions, the
Totalbetong Acquisitions are expected to be completed before end of March 2025.

The general meeting further resolved to amend the board of directors of Endúr in
accordance with the recommendations from the Nomination Committee published on
24 February 2025. Consequently, the board of directors of Endúr comprises:

- Pål Reiulf Olsen, chair of the board (up for election in 2026)
- Kristine Landmark, board member (up for election in 2026)
- Børge Klungerbo, board member (up for election in 2027)
- Hedvig Bugge Reiersen, board member (up for election in 2025)
- Bjørn Finnøy, board member (up for election in 2025)
- Jostein Devold, deputy board member (up for election in 2027)

Settlement of the shares allocated to investors in the Private Placement is
expected to take place on 6 March 2025 on a delivery-versus-payment (DVP) basis
with existing and unencumbered shares in Endúr already admitted to trading on
Euronext Oslo Børs pursuant to a share lending agreement with Artec Holding AS.
The shares in Endúr allocated to investors in the Private Placement are thus
tradeable following the general meeting.

For more information about the Totalbetong Acquisitions and the Private
Placement, please refer to Endúr's stock exchange announcements of 10 and 11
February 2025.

(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 http://www.endur.no.

* * *

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and Euronext Oslo Rule Book II -
Issuer Rules.