Ålesund, 22 August 2023:

Reference is made to the notice 21 August 2023(and the following correction
today).

The share capital increase pertaining to the remaining 8,000,000 of the total
61,773,761 new shares (as announced first on 9 August 2023) has been registered
with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret)
with effect as of today.

Following the registration, all 61,773,761 new shares have been registered and
the registered share capital of the Company is NOK 115,547,523 divided into
115,547,523 shares, each with a nominal value of NOK 1.00 and each share
carrying one vote.

For further information contact: 

Per Ivar Fagervoll 
pif@geoff.no 
mobile + 47 974 28 884