Energeia AS – End of stabilization period and partial exercise of greenshoe option (CORRECTION)

12 Jan 2023 15:21 CET

12 January 2023

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR
JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.

Reference is made to the stock exchange announcement by Energeia AS (“Energeia”
or the “Company”) on 13 December 2022 where the Company announced the beginning
of the stabilization period following the private placement of new shares in the
Company (the “Private Placement”) and the subsequent admission to trading on
Euronext Growth Oslo.

This notice provides a correction to the notice sent on 11 January 2023 in
respect of the number of shares purchased and the average price paid, and
accordingly of the number of shares to be issued under the greenshoe option.

Fearnley Securities AS (the “Stabilization Manager”) has given notice that the
stabilization period has ended. Stabilization activities have been undertaken on
Euronext Growth Oslo between 13 December 2022 and 11 January 2023. A total of
2,000,000 shares in the Company have been purchased as part of the stabilization
activities. The shares have been purchased at a volume weighted average price of
NOK 2.375 per share and within the daily price ranges set out in the attached
stabilization notice.

In order to permit redelivery of the 3,669,441 shares in the Company that were
borrowed from Jakobsen Energia AS (a company controlled by the Company’s CEO
Viktor Jakobsen) (the “Share Lender”), the Stabilization Manager has in part
exercised the option to subscribe for new shares in the Company (the “Greenshoe
Option”) at a price of NOK 2.475, being equal to the price in the Private
Placement. A total of 1,669,441 new shares will be issued by the Company against
gross proceeds of NOK 4,131,866.

The 2,000,000 shares purchased through stabilization activities will, in
combination with the 1,669,441 new shares to be issued, be redelivered to
Jakobsen Energia AS in accordance with the terms of a share lending agreement.

Contact persons:
CEO, Viktor Jakobsen, email: viktor@energeia.no and telephone: +47 916 11 009
Deputy CEO, Jarl Egil Markussen, email: jarl@energeia.no and telephone: +47 480
23 214


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

580094_ENERG - Stabilisation notice - 11 Jan 2023 (CORRECTED).pdf
580094_ENERG - Appendix to stabilisation notice - 11 Jan 2023 (CORRECTED).pdf