NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.

Stavanger, 19 December 2024: Reference is made to the stock exchange
announcements made by Moreld AS ("Moreld" or the "Company") on 12 December 2024
regarding the successful private placement with a total transaction size of
approx. NOK 1 billion (the "Private Placement") and on 18 December 2024
regarding the first day of trading in the Company's shares on Euronext Growth
Oslo on 19 December 2024 (the "Listing").

Pareto Securities AS (the "Stabilisation Manager") may, on behalf of the
Managers (as defined below), engage in stabilisation activities in the Company's
shares (the "Shares") from today (19 December 2024) to and including 17 January
2025 (the "Stabilisation Period"). Any stabilisation activities will be aimed at
supporting the market price of the Shares.

In connection with the Private Placement, the Managers have over-allotted
7,200,000 Shares (the "Additional Shares") to applicants in the Private
Placement, which equals approx. 11.15% of the Shares allocated to applicants in
the Private Placement (excluding the Additional Shares). In order to permit the
delivery in respect of the over-allotments made, the Stabilisation Manager has,
on behalf of the Managers, borrowed a number of existing Shares equal to the
number of Additional Shares from Allard 2 Limited and Sona Credit Master Fund
Limited, Sona Capital Solutions II SCSp and Sona Blue Peak Limited
(collectively, the "Share Lenders"), which will be redelivered to the Share
Lenders after expiry of the Stabilisation Period (unless the relevant date falls
within a closed period pursuant to the EU Market Abuse Regulation, in which case
the share loan shall be settled as soon as possible after the expiry of such
closed period).

Further, the Company has granted the Stabilisation Manager, on behalf of the
Managers, an option to require the Company to issue up to 7,200,000 new shares
in the Company (the "Greenshoe Option") at a price per share equal to the offer
price in the Private Placement of NOK 13.95 (the "Offer Price"). The
Stabilisation Manager may use the Greenshoe Option to close out short positions
resulting from over-allotments made as part of the Private Placement and only to
the extent such short positions have not been closed out by Shares purchased by
the Stabilisation Manager when conducting stabilisation activities. The
Greenshoe Option is exercisable, in whole or in part, by the Stabilisation
Manager, on behalf of the Managers, during the Stabilisation Period.

The Stabilisation Manager may effect transactions with a view to support the
market price of the Shares at a level higher than what might otherwise prevail,
through buying Shares in the open market at prices equal to or lower than the
Offer Price. There is no obligation on the Stabilisation Manager to conduct
stabilisation activities and there is no assurance that stabilisation activities
will be undertaken. Such stabilising activities, if commenced, may be
discontinued at any time, and will be brought to an end at the latest at the end
of the Stabilisation Period.

Any net profit generated from any stabilisation activities conducted by the
Stabilisation Manager during the Stabilisation Period shall be for the benefit
of the Share Lenders. 

If stabilisation activities are undertaken, the Company will publish information
on the activities no later than seven trading days following such
transaction(s). Further, within one week after the expiry of the Stabilisation
Period, the Company will publish information as to whether or not stabilisation
activities were undertaken. If stabilisation activities were undertaken, the
statement will also include information about: (i) the total amount of Shares
sold and purchased