Nekkar ASA: Renewal of share buy-back program

07 Jun 2024 08:00 CEST

7.6.2024 08:00:00 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

The Board of Directors of Nekkar ASA ("Nekkar" or the "Company") has resolved to
renew the share buy-back program. The share buy-back program will be executed in
accordance with the authorization granted to the Board of Directors by the
Annual General Meeting of Nekkar held on May 30, 2024. In accordance with said
authorization, the shares acquired are intended to be used in connection with
Nekkar's incentive programs for employees and board members, to be deleted by
way of reducing Nekkar's share capital subject to any resolution by the
Company's shareholder meeting or for other corporate purposes.

The share buy-back program covers purchase of up to 10,742,711 shares and the
maximum amount of the program shall be NOK 100 million. Actual utilization
within said limits will depend on several factors, such as trading volumes and
other limitations under commission delegated regulation 2016/1052 (EU) on
buy-back programs, and the number of shares actually bought may consequently be
substantially lower. The buy-back program is expected to commence immediately
and is planned finalized within May 30th, 2025 at the latest.

The share buy-back program will be managed by Pareto Securities, which will make
its trading decisions regarding the timing of the share repurchases
independently of, without influence by, and without access to sensitive
information concerning, Nekkar.

DISCLOSURE REGULATION

This information is made public by Nekkar pursuant to the EU Market Abuse
Regulation and subject to the disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

CONTACTS

* Ole Falk Hansen, CEO, +47 988 14 184, ir@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.

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