18 June 2025: The Board of EQVA ASA (OSE: EQVA) ("EQVA" or the "Company") has on
17 June 2025 approved the award and allocation of 400,000 share options, at a
strike price of NOK 4,80 per share. 

Petter Sørdahl, CFO EQVA, has been granted 300,000 share options. Following the
grant, Sørdahl holds a total of 500,000 share options in the Company. 

Daniel Molvik, Head of Strategy and Business Development in EQVA, has been
granted 100,000 share options. Following the grant, Molvik holds a total of
300,000 share options in the Company.

The award is in accordance with the employment agreement.  

The strike price of the share options is set equal to the revised strike price
with reference to the press release 10th March 2025. 

The vesting periods for the share options are from 2026 to 2028 and the strike
price is adjusted in the following way: 
- Exercise in January 2026: Basis Strike 
- Exercise in January 2027: Basis Strike * 1.10 
- Exercise in January 2028: Basis Strike * 1.21 

See attachment for further details about the grant of options to each primary
insider. 

Following the grant, the total number of outstanding options in Eqva are
4,126,667. The share option program encompasses up to 7.5% of total issued
shares fully diluted. 

For more information, please contact: Ellen Hanetho, Chair of the Board of EQVA
ASA, +47 48 22 07 50

Eqva ASA in brief 
Eqva ASA is a knowledge-based active owner of engineering, construction and
service companies that contribute to the green transition in maritime, power
intensive and renewable industries. Read more on www.eqva.no 

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