30 May 2025: The Board of Directors of EQVA ASA (OSE: EQVA) has appointed Tore
Thorkildsen as Interim Chief Executive Officer (CEO) of EQVA ASA, effective as
of 30 May 2025. Thorkildsen replaces Even Matre Ellingsen who will be leaving
the group. 

Tore Thorkildsen has worked with the company since 1987, most recently as Head
of Sales and Calculation and Managing Director of BKS Industri AS, a subsidiary
of EQVA. He holds 8 729 739 shares (10.78 per cent of all outstanding shares) in
EQVA ASA through his company Nintor AS.

"Tore Thorkildsen's diverse background within EQVA and his extensive experience
within sales and business development in the industrial services sector, makes
him highly qualified to take on the role of Interim CEO," said Ellen Hanetho,
Chair of the Board of EQVA, on behalf of the Board.

"I am looking forward to continuing developing our group companies in my new
role. EQVA has an impressive industrial track record, with our leaders and
employees having demonstrated great talent in building strong and profitable
businesses. With BKS performing very well, and with the integration of IMTAS and
Austevoll Rørteknikk into the group, EQVA is better positioned than ever before
to pursue new market opportunities and drive further growth," commented Tore
Thorkildsen.

Over the past few years with Even Matre Ellingsen as major shareholder, Chairman
and most recently as CEO, EQVA has focused its strategy and transformed itself
into a knowledge-based compounder company. It is an active owner of industrial
service companies that deliver services and solutions to energy intensive
industries, land-based industries, aquaculture, defence, maritime and offshore
sectors.

"EQVA creates shareholder value by supporting and inspiring profitable growth in
its portfolio companies and by identifying and pursuing new business
opportunities and potential acquisition candidates. On behalf of the Board, I
would like to express our gratitude to Mr. Ellingsen for his contributions to
EQVA," said Ellen Hanetho, Chair of the Board of EQVA.

"This is a logical time for me to step down as CEO. I have had the great
pleasure of being involved in the reformation of what was once known as the
Havyard Group, and the development and implementation of EQVA's current
strategy. I am grateful to the EQVA team and proud of the many important
operational and strategic milestones we have achieved together. I look forward
to following EQVA's exciting growth journey going forward," said Even Matre
Ellingsen. 

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

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