Beerenberg AS | Mandatory notification of trades

04 Sep 2024 20:30 CEST

Bergen, 4 September 2024:

Reference is made to the joint announcement made by Beerenberg AS ("Beerenberg"
or the "Company") and Altrad Investment Authority S.A.S (the "Offeror") on 21
August 2024 regarding the board recommended unregulated voluntary cash offer to
acquire all outstanding shares in the Company (the "Shares"), not already owned
by the Offeror, at a price of NOK 41.5 per share (the "Offer").

The following primary insiders of Beerenberg and close associates of primary
insiders (as described below) have accepted the Offer for all their Shares in
the Company:

• Arild Apelthun, CEO of Beerenberg, has accepted the Offer for his 72,273
Shares.

• Harald Haldorsen, CFO of Beerenberg, has accepted the Offer for his 42,447
Shares.

• Geir Magne Aarstad, Chairman of the board of Beerenberg, has through his close
associate Graa AS accepted the Offer for his 50,472 Shares.

• Morten Haakon Walde, board member of Beerenberg, has through his close
associate Mowin AS accepted the Offer for his 50,907 Shares.

• Edvard Sebastian Ehrnrooth, board member of Beerenberg, has through his close
associate AB Gurkmejan accepted the Offer for his 100,000 Shares.

• Roger Kjeilen, EVP Tender of Beerenberg, has through his close associate
Kjeilen Invest AS accepted the Offer for his 45,252 Shares.

• Camar Invest 3 AS, a close associate represented on the board of directors
through Espen Selvikvåg Berge, has accepted the Offer for its 4,444,444 Shares.


This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities
Trading Act.

For further information, please contact:

Harald Haldorsen, CFO
Tel. +47 982 34 834
E-mail: harhal@beerenberg.com

About Beerenberg AS

Beerenberg has delivered cost efficient solutions to a wide range of industrial
enterprises for 47 years. Beerenberg is one of the leading suppliers of
maintenance and modifications services on the Norwegian Continental Shelf as
well as a global provider of insulating products. The Group´s expertise covers
the entire life cycle of the petroleum industry from field studies and newbuilds
to maintenance, modifications, and lifetime extensions. The operational
activities are organized in Beerenberg Services and its subsidiaries.
Headquartered in Bergen, Beerenberg has offices in Stavanger and Skien in Norway
and in Poland, UK, South-Korea, Thailand, Brazil, and Singapore. To learn more,
please visit www.beerenberg.com.

More information:
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627037_Beerenberg - Primary insiders Disclosure of transactions.pdf