19 September 2024: The Board of EQVA ASA (OSE: EQVA) ("EQVA" or the "Company")
has today approved the award and allocation of 2,500,000 share options, at a
strike price of NOK 3.05 per share, to CEO Even Matre Ellingsen. The award is in
accordance with the employment agreement.  

Each share option granted carries the right to acquire one share in the Company.
The strike price of the share options is based on the volume weighted average
share price over the 60 last trading days prior to assuming the position as CEO
on 2 May 2024. Subsequently, the strike price is increased by a factor of 1.1,
1.2, 1.3 and 1.4 annually. The options expire after 5 years.

Following the grant, Ellingsen and close associates holds a total of 8,193,462
shares and 2,500,000 share options in the Company.

Please 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. The stock exchange announcement was published by Petter
Sørdahl, CFO, Eqva ASA, on the date and time stated above.


For more information, please contact: 
Petter Sørdahl, CFO: +47 917 56 147 


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 the maritime,
power-intensive and renewable industries. 

The group has a well-diversified product and market portfolio, and further
growth will be established through a combination of company-based development,
utilisation of synergies between the companies in the group and value-creating
M&A activities. 

Key companies in the group are BKS and Fossberg Kraft, each of which builds on
decades of experience and is recognised by customers in a wide range of
industries. 

Read more at www.eqva.no