Valen, 7 November 2024: Reference is made to the stock exchange announcement by
Eqva ASA (the "Company") on 18 September 2024 (the "Announcement") regarding
acquisition of Kvinnherad Elektro A/S, including subsidiary (the "Kvinnherad
Elektro Group"). Following this transaction, Nordic Industrial Solutions AS
("NIS"), the newly formed industrial group wholly owned by the Company, will be
the sole owner of the Kvinnherad Elektro Group.  

Part of the settlement for the acquisition of Kvinnherad Elektro A/S to one of
the sellers, K E Invest AS (the "Seller") was agreed between NIS and the Seller
to be settled with 986 193 new shares in the Company at a subscription price of
NOK 5.07, which corresponds to the volume-weighted average price (VWAP) for the
last 30 days as of 23 August 2024.

Thus, the board of directors in the Company has today resolved a share capital
increase, pursuant to an authorisation to increase the share capital of the
Company granted by the Company's annual general meeting on 27 June 2024,
directed at the Seller which has been settled by contribution in kind, in form
of transfer of an enforceable promissory note against NIS from the Seller. 
Following registration of the share capital increase, the Company will have a
share capital of NOK 3,769,800.45 divided into 75,396,009 shares, each with a
par value of NOK 0.05.

For further information, please contact: 
Even Matre Ellingsen, CEO
Phone: +47 990 05 500

Petter Sørdahl, CFO 
Phone: +47 917 56 147


About EQVA:  
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. The company is a fully integrated service
and maintenance supplier for the Norwegian land-based 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
and utilization of synergies between the companies in the group. 

Key companies in the group are BKS and Fossberg Kraft, each building on decades
of experience and widely recognized by clients in a broad range of industries.


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