ABL Group ASA: Settlement of deferred consideration

05 Jun 2024 08:30 CEST

5 June 2024 – ABL Group ASA (“ABL Group” or the “Company”) has today transferred
73,787 shares at an average price of NOK 0.1 to certain employees, as part of
the deferred consideration for the acquisition of East Point Geo Ltd (“East
Point Geo”) in 2021. The other deferred compensation due in 2024 related to East
Point Geo has been settled in cash.

Following this transfer, the remaining deferred consideration in relation to
East Point Geo consists of 442,722 ABL Group shares payable in two equal
instalments in 2026 and 2028, subject inter alia to the original sellers’
continued employment in ABL Group.

For more information about the East Point Geo acquisition and the deferred
consideration, please refer to the stock exchange notice dated 19 February 2021
and ABL Group’s annual report.

Following completion of the above transactions, ABL Group owns a total of
176,213 of its own shares, corresponding to 0.14% of ABL Group's share capital.

This information is subject to disclosure requirements in Regulation EU 596/2014
(MAR) article 19 no. 3 and the Norwegian Securities Trading Act section 5-12.

(ENDS)

For further information, please contact:
Investors and financial media:
Stuart Jackson, Chief Financial Officer, ABL Group ASA
Email: stuart.jackson@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 42 countries worldwide and operates under four
brands: ABL, OWC, Longitude and AGR.

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