Goldman Sachs Group, Inc. Disclosure in FRØY ASA

12 Jul 2023 08:07 CEST

Please find attached a notification regarding the acquisition of shares
10,034,399 in Frøy ASA (the "Company") by WSIP IV Emp Fund Aggregator S.a r.l.,
WSIP IV Falcon Funds JV S.a r.l. and ELQ Investors IV Ltd., each a company
indirectly wholly owned by infrastructure funds managed by Goldman Sachs Asset
Management. Goldman Sachs International holdings are also represented. The said
companies hold 14,885,084 shares in the Company following the acquisition,
corresponding to 17.24% of the shares and votes in the Company.

Reference is further made to the stock announcement by the Company on 5 June
2023 regarding Falcon Bidco AS' (the "Offeror"), a company indirectly wholly
owned by infrastructure funds managed by Goldman Sachs Asset Management,
agreement to acquire 62,269,112 shares in the Company subject to certain closing
conditions, corresponding to 72.11% of the shares in the Company (the
"Transaction").

Consequently, companies indirectly wholly owned by infrastructure funds managed
by Goldman Sachs Asset Management currently hold 17.24% of the shares in the
Company and rights to 72.11% of the shares in the Company, bringing the current
aggregate holding of shares and rights to shares to 89.35% of the current
registered shares and votes in the Company.

This information is subject to the disclosure requirements pursuant to Section
5-12, cf. Section 4-2 of the Norwegian Securities Trading Act.

More information:
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595168_FROY ASA COB 10 July 2023 - Form.pdf