Eqva ASA - Stock exchange release - Other information disclosed according to the
rules of the Exchange - 30 November 2022 at 14:30 CET.

Eqva ASA's ("Eqva") Board of Directors has today approved the final details of a
proposed employee incentive scheme. Eqva wants to ensure that its employee
incentives are aligned with the shareholders' interests. In addition, Eqva wants
to reward long-term and dedicated work which is deemed to be of value to the
group and its shareholders. 

In support of this, the Board has decided to approve the proposed incentive
scheme, which includes the following three elements:
-	Share option program (SOP) 
-	Bonus incentive program  (BIP)
-	Employee share program (ESP) 

The Share Option Program (SOP)
The SOP is intended for senior executives, board members and key personnel
employed by Eqva. Under the SOP, participants will receive share options, which
can be exercised by paying the predefined strike price. The strike price is set
as the average share price of the last 20 days prior to grant. One share option
gives a contingent entitlement to one share after paying the strike price. 

The SOP goes into effect on 1 January 2023. The vesting period is from 1 to 3
years after grant, and the strike price is adjusted in the following way:
-	Exercise after 1 year: Basis Strike
-	Exercise after 2 years: Basis Strike * 1.10
-	Exercise after 3 years: Basis Strike * 1.21

The SOP encompasses up to 7.5% of total issued shares fully diluted. Final
number of options allocated and allocation to primary insiders will be published
after grant. The company's liability with respect to the share option program
aims to be met through holdings of treasury shares or by issuing shares. 

The Bonus Incentive Program (BIP)
The BIP is intended for senior executives and key personnel employed by Eqva.
The criteria for bonus award are set based on 80% group targets and 20%
individual targets. Maximum pay-out in the bonus plan is between 1.5x and 3x
monthly salary. 75% of the pay-out will be in Eqva shares, 25% will be paid as
cash bonus. For the shares awarded in the bonus plan there will be a three-year
lock-up period. The company's liability with respect to the bonus plan aims to
be met through holdings of treasury shares or by issuing shares.

The Employee Share Program (ESP)
The ESP is intended for all group employees. In 2022, all employees will be
invited to purchase shares in Eqva at 20% discount. Maximum purchase per
employee is NOK 20,000 per year. For the shares purchased through the ESP, there
will be a two-year lock-up period. The company's liability with respect to the
ESP aims to be met through holdings of treasury shares or by issuing shares.

Share buy-back program 
On 29 September 2023, the Board of Directors initiated a share buyback program
in accordance with the authorisations granted by the general meeting held on 13
June 2022, with the purpose to ensure that the company has sufficient treasury
shares to carry out the incentive program. The company's liabilities with
respect to the sharer in the incentive program will to the extent possible be
met through holdings of treasury shares.

For further information, please contact: 
Eirik Sævareid, CFO Tel: +47 99 27 46 37 Email: eirik.saevareid@eqva.no

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. It aims to become a fully integrated service
and maintenance supplier for the Norwegian landbased and maritime industry.
The group has a well-diversified product and market portfolio, and further
growth will be established through a combination of company-based development,
utilization of synergies between the companies in the group and value-creating
M&A activities.
Key companies in the group are BKS Industri, Havyard Leirvik and Fossberg Kraft,
each building on decades of experience and widely recognised by clients in a
broad range of industries.

Read more on www.eqva.no

This information is published in accordance with the Market Abuse Regulation
(EU) 596/2014 Article 5, as supplemented by delegated Commission Regulation (EU)
2016/1052,and is subject to disclosure requirements in accordance with the
Securities Trading Act § 5-12.