Endúr ASA: Result of the Bond Buy-Back

29 Sep 2022 15:20 CEST

29 September 2022: Reference is made to the stock exchange release published by
Endúr ASA (“Endúr” or the “Company”) on 27 September 2022 at 09:00 CEST
regarding an offer to buy back bonds (NO 0010935430) for up to NOK 45,000,000
(the “Tender Offer”).

The Tender Offer was closed at 14:00 hours CEST today, 29 September 2022. The
Company has decided to accept offers up to and including a price of 99.425% of
par value (the “Buy-Back Price”), and will buy back bonds, on a pro rata basis
between the offerors, with a nominal value of NOK 45,000,000 by paying the
Buy-Back Price plus accrued interests.

Cash settlement for the buy-back is expected to take place on 3 October 2022.

Following completion of the buy-back, the Company will hold bonds (NO
0010935430) for a total nominal amount of NOK 90,000,000 corresponding to 10% of
the total outstanding nominal amount.

SpareBank 1 Markets AS acted as manager for the buy-back.

This stock exchange announcement was published by Einar Olsen, CFO at Endúr ASA
on 29 September 2022 at [15:20] CEST.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading
Act.

About Endúr ASA: Endúr ASA (OSE: ENDUR) is a leading supplier of construction
and maintenance projects and services for marine infrastructure, including
facilities for land-based aquaculture, quays, harbours, dams, bridges and other
specialised concrete and steel projects. The Company and its subsidiaries also
offer a wide range of other specialised project and marine services. See
www.endur.no.

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