6.2.2025 19:40:04 CET | Måsøval AS | Additional regulated information required
to be disclosed under the laws of a member state

Due to increased interest costs as a result of residual tax on planned tax
positions, Måsøval AS (the "Company") has initiated a waiver process for the
financial covenants on equity ratio and interest cover ratio (the "Financial
Covenants") with its lenders under its senior bank financing of NOK 1.9 bn.

This process has been completed, and the lenders have approved the following
temporary waiver of the Financial Covenants for Q4 2024:

 * The interest cover ratio shall not at any time be less than 2.75x