Endúr ASA: Redelivery of borrowed shares – mandatory notification of trade and disclosure of large shareholding

09 Feb 2023 09:42 CET

9 February 2023: Reference is made to the stock exchange notice made by Endúr
ASA (the "Company") on 12 January 2023 (the "Announcement") regarding the
completion of a private placement raising gross proceeds of approximately NOK
140 million (the "Private Placement") through the allocation of 5,090,909 new
shares at the price per share of NOK 27.50 (the "Offer Price"). All terms used
in this notice shall have the meaning ascribed to such terms in the
Announcement.

Reference is further made to the Company's stock exchange notice on 3 February
2023 regarding the lending by Artec Holding AS, a company closely associated
with board member Bjørn Finnøy, to SpareBank 1 Markets AS, acting on behalf of
the Managers, of 2,490,910 existing shares in the Company, that are already
listed on Oslo Børs, to facilitate delivery-versus-payment settlement to
investors allocated Offer Shares in Tranche 2 of the Private Placement.

Following registration of the share capital increase pertaining to the
extraordinary general meeting's resolution to issue the 2,490,910 new shares in
Tranche 2 on 2 February 2023, SpareBank 1 Markets AS, acting on behalf of the
Managers, has on 9 February 2023 redelivered 2,490,910 new shares in the Company
to Artec Holding AS, as settlement of the shares borrowed in relation to
settlement of Tranche 2. New shares issued by the Company were used for the
redelivery. Please see the enclosed form for further details.

Upon redelivery of the borrowed shares, Artec Holding AS holds 9,241,234 shares
in the Company, representing approximately 28.4% of the issued share capital and
votes in the Company. Consequently, Artec Holding AS has exceeded the 25%
threshold pursuant to section 4-2 of the Norwegian Securities Trading Act.

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and sections 4-2 and 5-12 of the Norwegian
Securities Trading Act.

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581834_Template for notification of transactions by persons discharging managerial responsibilities (PDMR) and persons closely associated with them (KRT-1500).pdf