Endúr ASA: Issuance of shares in connection with employee share purchase program

30 Mar 2023 17:25 CEST

Reference is made to Endúr ASA's (the "Company") extraordinary general meeting
held on 2 Feb 2023, where the Company's board of directors was granted an
authorisation to increase the Company's share capital by issuing new shares in
connection with an employee share purchase program in the Company.

The Company has completed the employee share purchase program for 2023 ("ESPP
2023"), and is pleased to announce that it has received applications from the
group's employees to purchase up to 51,047 new shares at a share price of NOK
34.1486 per share.

All permanent employees have, during a period from 22 March to and including 29
March 2023, been given the opportunity to subscribe shares in the Company at a
discount in accordance with the resolution made by the general meeting, for the
amount of either NOK 16,000, NOK 48,000 or NOK 160,000 in the Company (after
discount). The subscription price per share of NOK 34.1486 is based on the
volume weighted average closing price of the Company's share during the
application period of the ESPP 2023 (22 March to 29 March 2023), reduced by a
discount of 20%. The new shares are subject to 6 months lock-up.

Based on the applications received from the employees and pursuant to the
authorisation granted by the Company's extraordinary general meeting on 2
February 2023, the board has today resolved to increase the Company’s share
capital by up to NOK 25,523.50 by issuing up to 51,047 new shares, each at a
nominal value of NOK 0.50, at a subscription price of NOK 34.1486 per share.
Following registration of the new share capital, the Company will have a share
capital of NOK 16,297,412.50, consisting of 32,594,825 shares, each with a
nominal value of NOK 0.50.

This information is subject to the disclosure requirements of section 5-12 of
the Securities Trading Act.

This stock exchange announcement was published by Einar Olsen, CFO of Endúr ASA,
on 30 March 2023.

For further information, please contact:
Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759
Investors
Einar Olsen, CFO of Endúr, tel: +47 924 01 787

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