09 December 2024 - The Board of Directors of Endúr ASA ("Endúr" or "the
Company") has resolved to grant a new long term incentive programme for
executive management and key employees, in accordance with the authorization
granted by the Annual General Meeting on 23 May 2024. 

The purpose of the share option plan is to further align the interests of the
Company, its shareholders and the senior executives of the Company. 

The new long-term share option programme largely replaces the previous incentive
programme, which to a much larger degree was connected to the Company's short
term financial results and variable pay.  

"The Board of Directors are very pleased with Endúr's performance since the
current executive management team joined approximately three years ago. Both the
Board and the management strongly believe in Endúr's long-term outlook. The
Board has therefore been eager to commit the executive management team and other
key employees to an incentive scheme that is linked to the long-term development
and success of the Company and its subsidiaries, thereby aligning the long-term
interests of Endúr's shareholders and senior executives. We believe this scheme,
which stretches up to a decade ahead, achieves this," says Pål Reiulf Olsen,
chairman of Endúr ASA. 

The total number of share options awarded under the new long-term incentive
programme is 2,450,000.  Each option, when exercised, will give the right to
acquire one share in the Company. The share options have a strike price equal to
the average volume weighted average price of the Company's shares on Oslo Stock
Exchange over the 20 last trading days prior to the grant date. Options that
have not been exercised will lapse ten (10) years after the grant date. 

The vesting period of the new granted share options is five (5) years, until
2029. Half of the shares delivered to the option holder upon exercise of share
options shall be subject to lock-up. The lock-up ceases for 20 percent of such
shares on each anniversary of the vesting of the related options, so that all
shares are freely tradable ten (10) years after the grant of the share options. 


Share options in Endúr ASA have been granted to the following primary insiders
according to the terms described above: 

Jeppe Raaholt (CEO): 680,000 share options. Following the grant, Raaholt holds a
total of 800,000 share options and 220,000 shares, the latter through his wholly
owned company Råbjørn AS.

Einar Olsen (CFO): 450,000 share options. Following the grant, Olsen holds a
total of 540,000 share options and 50,000 shares, the latter through his wholly
owned company Red Devil Holding AS.

The remaining 1,320,000 share options have been granted to a select group of
executives from subsidiaries of Endúr ASA.

Following the grant of these options, the total number of options outstanding is
3,349,017, including options granted under the Company's previous incentive
program for executive management and key employees.

See attached primary insider notification forms in accordance with the Market
Abuse Regulation article 19.

This information is subject to the disclosure requirements pursuant to article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

(ENDS)

For further information, please contact:

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

Investors - Einar Olsen, CFO of Endúr ASA, 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 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.