Borgestad ASA: New share capital registered

30 Jul 2024 09:14 CEST

Borgestad, 30 July 2024: Reference is made to the stock exchange announcement
published by Borgestad ASA (the "Company") on 3 June 2024 regarding the approval
by the annual general meeting of a reduction of the nominal value of the
Company's shares from NOK 10 per share to NOK 1 per share through a share
capital reduction.

The share capital reduction has now been registered with the Norwegian Register
of Business Enterprises, and has thereby been completed.

No distributions will be made to the shareholders as a result of the share
capital reduction.

The Company's new share capital following the share capital reduction is NOK
35,062,072 divided into 35,062,072 shares, each with a nominal value of NOK 1.

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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