Borgestad ASA: New share capital registered

06 Jun 2024 09:48 CEST

Borgestad, 6 June 2024: Reference is made to the stock exchange announcement by
Borgestad ASA (the "Company") published on 3 June 2024 regarding the resolution
of the general meeting to increase the Company's share capital by NOK 9.75
through the issue of 39 new shares, each with a nominal value of NOK 0.25, in
order to facilitate for a reverse share split in the ratio 40:1.

The share capital increase has now been registered in the Norwegian Register of
Business Enterprises, and the Company's new share capital is NOK 350,620,720
divided into 1,402,482,880 shares, each with a nominal value of NOK 0.25.

For further information, please contact:
Pål Feen Larsen, CEO of Borgestad ASA
Tel.: +47 48 84 53 33

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

About Borgestad| www.borgestad.no
Borgestad ASA (OSE:BOR) is an investment company focused on real estate and
industry. The key investments include Agora Bytom shopping center and the
leading refractory manufacturer Höganäs Borgestad.

About Höganäs Borgestad | www.hoganasborgestad.com
Höganäs Borgestad develops, manufactures and delivers refractory products,
installations and turnkey solutions that enhance the productivity and
competitiveness of industrial customers. The aim is to contribute to the
customers' profitability by providing high-value refractory solutions to their
challenges. Today, the company is a leading supplier in the refractory market of
the Nordic countries and has a global presence in a number of selected
application areas.

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