Endúr ASA – Intended contract award Repstad

09 Jul 2024 12:46 CEST

Repstad Anlegg AS («Repstad»), a wholly owned subsidiary of Endúr ASA (“Endúr”),
has today signed a letter of intent with The Quartz Corp AS (“TQC”) regarding
designing and building (No: Totalentreprise) of a container quay at Drag in
Hamarøy, Norway. The project has an estimated of value of NOK 160 million
excluding options.

TQC’s final investment decision (“FID”) is contingent on successful financing
and board approval. The construction works are scheduled to commence in Q3/Q4
2024, with an estimated building period of 18 months.

“We are very happy to move forward with this project, which lies within the core
of our competence with respect to complexity, size and contract format”, says
Bernt Olav Holen, General Manager of Repstad.

For further comments, contact:

Media:
Bernt Olav Holen, General Manager of Repstad Anlegg AS: +47 906 70 156
Jeppe Raaholt, CEO of Endúr ASA: +47 976 69 759

Investors:
Einar Olsen, CFO of Endúr ASA: +47 924 01 787

About Endúr
Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance
projects and services for marine infrastructure, including facilities for
land-based aquaculture, quays, harbours, dams, bridges and other specialized
concrete and steel projects. The company and its subsidiaries also offer a wide
range of other specialised project and marine services. Endúr ASA is
headquartered in Lysaker, Norway. See www.endur.no.

More information:
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