NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR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, 12 June 2025: 

Reference is made to the stock exchange announcement by Energeia AS (the
"Company") on 16 May 2025 where the Company announced that the extraordinary
general meeting had granted the board of directors (the "Board") with
authorisations to (i) increase the share capital (the "Share Capital
Authorisation") to be used in connection with a subsequent repair offering and
(ii) to buy back the Company's own shares (the "Share Buy-back"). Both
authorisations were registered with the Norwegian Register for Business
Enterprises on 21 May 2025 and the Share Buy-back has now been completed.

The Subsequent Offering
The Board has today, in accordance with the Share Capital Authorisation,
resolved to increase the Company's share capital by up to NOK 2,165,482 by the
issuance of up to 108,274,086 new shares, raising gross proceeds of up to
approximately 2,2 million (the "Subsequent Offering").

The Subsequent Offering will be directed towards shareholders of the Company as
of 12 June 2025, as registered in the VPS on 16 June 2025 (the "Record Date"),
who (i) were not given the possibility to participate in the private placement
directed towards Eidsiva Vekst AS and Obligo Nordic Climate Impact Fund AB as
approved on 16 May 2025 (the "Private Placement") and (ii) are not resident in a
jurisdiction where such offering would be unlawful or would (in jurisdictions
other than Norway) require any prospectus, filing, registration or similar
action (the "Eligible Shareholders"). 

Each Eligible Shareholder will be granted 0,9823 non-transferable subscription
rights ("Subscription Rights") for every existing share registered as held by
such Eligible Shareholder in the VPS as at the Record Date, rounded down to the
nearest whole Subscription Right. Each Subscription Right gives, subject to
applicable law, the right to subscribe for, and be allocated, one (1) new share
in the Subsequent Offering at the subscription price of NOK 0.02, corresponding
to the offer price in the Private Placement. Over-subscription and subscription
without subscription rights will not be permitted.

The subscription period in the Subsequent Offering will commence on 17 June 2025
at 09:00 hours (CEST) and expire on 24 June 2025 at 16:30 hours (CEST), subject
to the timely registration and publication of a national prospectus pertaining
to the Subsequent Offering (the "Prospectus").

Allocation of the new shares in the Subsequent Offering is expected to take
place on or about 25 June 2025, and the new shares are expected to be delivered
on or about 7 July 2025.

Further information regarding the Subsequent Offering, including subscription
procedures, will be set out in the Prospectus which will be made available at
the Company's websites www.energeia.no. 

The Private Placement and the Subsequent Offering as a whole will be
non-dilutive for Eligible Shareholders if they participate with their pro-rata
share in the Subsequent Offering, securing equal treatment of the Company's
shareholders.

Share capital decrease by reduction of nominal value per share
Due to the Company's challenging liquidity situation and in order to provide
greater flexibility in connection with future capital issuances, the Board of
Directors has proposed to reduce the nominal value per share from NOK 0.02 to
NOK 0.01. The final reduction amount will be determined and published after the
results of the Subsequent Offering is ready. The reduction amount is proposed
allocated to a fund to be used as decided by the general meeting. 

Notice of annual general meeting
The annual general meeting will be held at the offices of Energeia AS with
registered address at Cort Adelers gate 33, 0254 Oslo, on 27 June 2025 at 09:00
CEST. Please find attached the notice for the meeting including a proxy form.


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