Transactions carried out under the buy-back program

25 Sep 2023 08:00 CEST

25.9.2023 08:00:00 CEST | Nekkar ASA | Acquisition or disposal of the issuer's
own shares

On August 29th Nekkar announced its decision to initiate a share buy-back
program. The share buy-back program is executed in accordance with the
authorization granted to the Board of Directors by the Annual General Meeting of
Nekkar held on May 30, 2023. The program will be used for corporate purposes in
accordance with the above-mentioned authorization. The share buy-back program
covers purchase of up to 10,742,711 shares, and the maximum amount of the
program shall be NOK 80 million. The program commenced on August 31st and is
planned finalized within June 30th, 2024 at the latest.

During week 38 of 2023, Nekkar purchased 124,007 own shares at an average price
of NOK 8.0896 per share. Following this, Nekkar owns a total of 684,539 own
shares, corresponding to 0.637 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the
buy-back program.

Date | Number of shares | Average price (NOK) | Total transaction
| | | value (NOK)
--------------------------------------------------------------------------------
18/09/2023 | 23,693 | 8.1416 | 192,898.93
--------------------------------------------------------------------------------
19/09/2023 | 51,900 | 8.1223 | 421,547.37
--------------------------------------------------------------------------------
20/09/2023 | 25,000 | 8.0305 | 200,762.50
--------------------------------------------------------------------------------
21/09/2023 | 15,414 | 8.0106 | 123,475.39
--------------------------------------------------------------------------------
22/09/2023 | 8,000 | 8.0600 | 64,480.00
--------------------------------------------------------------------------------
Previously | 553,900 | 8.2371 | 4,562,509.11
announced buy-backs | | |
under the program | | |
--------------------------------------------------------------------------------
Total buy-back made | 677,907 | 8.2101 | 5,565,673.30
under the program | | |

Appendix: For a comprehensive overview of all transactions conducted under the
buy-back program during the aforementioned time frame, we have attached an
appendix to this report

CONTACTS

* Marianne Voreland Ottosen, Head of finance, Nekkar ASA, +4740202593,
mvo@nekkar.com

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies
combined with high-end software solutions. The group combines 50 years' heritage
from the world's number one shiplift company, Syncrolift, with new investments
into sustainable, digitalised technology businesses that aim to unlock growth
within ocean-based industries such as offshore energy, renewables and
aquaculture.

ATTACHMENTS

NKR buy back 25092023.pdf -
https://kommunikasjon.ntb.no/ir-files/17847326/2641/3684/NKR%20buy%20back%202509
2023.pdf

More information:
Access the news on Oslo Bors NewsWeb site

600165_NKR buy back 25092023.pdf