1 October 2025: The Board of Directors of EQVA ASA (OSE: EQVA) has appointed
Olav Hilmar Koløy as Chief Executive Officer (CEO) of EQVA ASA, effective on or
before 1 January 2026. Koløy replaces Tore Thorkildsen, who has served as
interim CEO since 30 May 2025. Tore Thorkildsen will continue to serve in his
original capacity as Head of Sales at BKS.

Olav Hilmar Koløy has more than 30 years of industrial experience, holding
various positions in the marine segment, latest as CEO of LOS Marine since 2018.
His experience spans from detailed fabrication to delivery of significant
customer projects. Olav is residing in Sunde, Kvinnherad, close to central
customers and the production facilities of BKS. 

"Olav Hilmar Koløy brings with him strong expertise in the marine industry
together with broad experience across sales, business development, and
operations. We look forward to welcoming Olav to the EQVA team," said Ingrid
Due-Gundersen, Chair of the Board of EQVA, on behalf of the Board.

"I am looking forward to continuing developing the EQVA group in my new role.
EQVA has an impressive industrial track record, with leaders and employees
having demonstrated great talent in building strong and profitable businesses.
EQVA is well positioned to pursue new market opportunities and drive further
growth," commented Olav Hilmar Koløy.

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