29.8.2023 18:41:26 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

The Board of Directors of Nekkar ASA ("Nekkar" or the "Company") has resolved to
initiate a share buy-back program. The share buy-back program will be executed
in accordance with the authorization granted to the Board of Directors by the
Annual General Meeting of Nekkar held on May 30, 2023. The program will be used
for corporate purposes in accordance with the above-mentioned authorization.

The share buy-back program covers purchase of up to 10,742,711 shares, and the
maximum amount of the program shall be NOK 80 million. The buy-back program is
expected to commence in September 2023 and is planned finalized within June
30th, 2024 at the latest.

Nekkar possesses a robust balance sheet, characterized by a significant cash
position and the absence of any interest-bearing debt. The board is of the
opinion that utilizing a portion of this available cash for a share buy-back
program would be in the best interest of the company's shareholders.

The share buy-back program will be managed by an independent financial
investment firm, which will make its trading decisions regarding the timing of
the share repurchases independently of, and without influence by, Nekkar.



DISCLOSURE REGULATION

This information is made public by Nekkar pursuant to the EU Market Abuse
Regulation and subject to the disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

CONTACTS

 * Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com 

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies
combined with high-end software solutions. The group combines 50 years' heritage
from the world's number one shiplift company, Syncrolift, with new investments
into sustainable, digitalised technology businesses that aim to unlock growth
within ocean-based industries such as offshore energy, renewables and
aquaculture.