NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE HONG KONG SPECIAL
ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR THE UNITED STATES OR
ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD
BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Oslo, 20 March 2025: 

Reference is made to the stock exchange announcement published by Energeia AS
(the "Company") on 19 March 2025, regarding the last day of the subscription
period in the subsequent offering (the "Subsequent Offering") of minimum
100,000,000 and maximum 556,166,380 new shares in the Company ("Offer Shares"),
each at a subscription price of NOK 0.05 per share, raising gross proceeds of up
to NOK 27.8 million. 

The subscription period for the Subsequent Repair Offering expired yesterday, 19
March 2025, at 16:30 CET.

By the end of the subscription period, the Company had received valid
subscriptions for 100,000,000 Offer Shares in the Subsequent Offering, from 74
subscribers, including Eidsiva Vekst AS and Obligo Nordic Climate Impact Fund OB
who together subscribed for 59,121,460 Offer Shares pursuant to the minimum
guarantee.

The board of directors of the Company has today, on 20 March 2025, resolved to
allocate and issue a total of 100,000,000 Offer Shares in accordance with the
allocation principles set out in the extraordinary general meeting's resolution
and as included in the prospectus pertaining to the Subsequent Offering dated 10
March 2025 (the "Prospectus"). 

The Company will consequently raise NOK 5,000,000 in gross proceeds through the
Subsequent Offering. 

Notifications of allocated Offer Shares in the Subsequent Repair Offering and
the corresponding subscription amount to be paid by each subscriber are expected
to be distributed today, on 20 March 2025. The subscription amount for allocated
Offer Shares is due for payment by the subscribers on 25 March 2025, in
accordance with the payment procedures set out in the Prospectus. Subject to
timely payment of the Offer Shares by the subscribers, the share capital
increase pertaining to the Subsequent Offering is expected to be registered in
the Norwegian Register of Business Enterprises ("NRBE") on or about 28 March
2025. 

The Offer Shares will be registered in the Norwegian central securities
depository, Euronext Securities Oslo ("VPS") in book-entry form and are expected
to be delivered to the subscribers' VPS account on or about 28 March 2025
subject to timely registration of the share capital increase pertaining to the
Subsequent Offering with the NRBE. First day of trading of the Offer Shares on
Euronext Growth Oslo is expected to be on or about 28 March 2025.
 
Following completion of the Subsequent Offering, the Company's share capital
will be NOK 12,384,306.24, divided into 619,215,312 shares, each with a nominal
value of NOK 0.02. The Company will publish a separate stock exchange
announcement once the share capital increase has been registered with the NRBE.


For further information, please contact: 

Jarl Egil Markussen, CEO, e-mail: jarl@energeia.no and tel: +47 480 23 214 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities