Standard Supply AS – Share Capital Increase Registered

17 Nov 2022 19:54 CET

Reference is made to the stock exchange announcement by Standard Supply AS (the
"Company") on 6 November 2022 regarding the successful placing of a private
placement of 44,085,106 new shares (the "Private Placement") at a subscription
price of NOK 4.70 per share, each share with a par value of NOK 0.10.

The share capital increase pertaining to the Private Placement has now been
registered with the Norwegian Register of Business Enterprises, and the
Company's new share capital is NOK 18,772,629.10 divided by 187,726,291 shares,
each with a par value of NOK 0.10.

The new shares will be delivered to S.D. Standard ETC Plc ("SDSD") pursuant to a
share lending agreement between the Company, SDSD and Clarksons Securities AS
(as settlement agent on behalf of the managers for the Private Placement),
whereby investors in the Private Placement received shares on a delivery versus
payment basis with existing and unencumbered shares in the Company that were
already listed on Euronext Growth Oslo.

For further information, please contact:

Espen Landmark Fjermestad
CEO
+47 952 04 493

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