ABL Group ASA: Vesting under Long-Term Incentive Plan

14 Dec 2023 08:00 CET

(Oslo, 14 December 2023) With reference to the stock exchange notice by ABL
Group ASA (the “Company” or “ABL Group”) dated 4 May 2021, in which it was
announced that ABL Group had granted employee share options as part of the
Company’s long-term incentive plan (“LTIP”). The vesting date for these options
is today, 14 December 2023.

The following share options have vested today:
8,545,000 share options, held by 121 option holders, with an exercise price of
NOK 5.26.

In addition, the following share options have previously vested and been
extended:
630,000 share options, held by 13 option holders, with an exercise price of NOK
3.09.

The Company has today opened an exercise window in which option holders may
exercise the above share options. The exercise window closes on 8 January 2024
and any exercises will take effect only at the end of the window. Option holders
who choose not to exercise during the current window will have their options
extended for 1 year and will have the opportunity to exercise these in later
exercise windows as decided by the Board of Directors.

Following today’s vesting of employee share options, there are 848,000 unvested
employee share options outstanding, vesting on 11 July 2025 at an average
exercise price of NOK 12.03.

For more information on the LTIP and outstanding share options, please see the
Company’s Annual Report.


ENDS

For further information, please contact:

Investors and financial media:
Haakon Brandrud, Director of Strategy and Corporate Development, ABL Group ASA
Email: haakon.brandrud@abl-group.com

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 41 countries worldwide and operates under four
main brands: ABL, OWC, Longitude and AGR.

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