Endúr ASA - Contract award Artec Aqua

06 Sep 2024 08:00 CEST

September 6, 2024 – Sævareid Fiskeanlegg AS (“Sævareid”) has awarded a
significant smolt facility contract to Artec Aqua AS (“Artec Aqua”), a fully
owned subsidiary of Endúr ASA (“Endúr”). Artec Aqua will serve as turnkey
supplier for the development of a new smolt production facility in Sævareid,
Norway. The facility is designed to achieve a production capacity of 29 million
smolt, providing a substantial enhancement to Sævareid’s operational capacities.

As per the terms of the contract, Artec Aqua will immediately enter into the
facility’s detailed design phase. This phase is scheduled to be finished in the
second quarter of 2025. Following the completion of this phase and contingent
upon Sævareid’s final investment decision (“FID”), Artec Aqua will oversee the
construction, management and commissioning of the entire facility. The facility
will be equipped with Artec Aqua’s cutting-edge hybrid flow through technology,
known for its superior efficiency and sustainability. Prior to the award, Artec
Aqua has collaborated closely with Sævareid on the conceptual design of the
facility, ensuring that it will meet the highest standards of innovation and
efficiency.

"We are thrilled with this award and the prospect of further developing a strong
partnership with Sævareid”, says Ingegjerd Eidsvik, General Manager of Artec
Aqua. "Artec Aqua is recognized as one of the world's leading suppliers of
technical infrastructure for land-based fish-farming facilities. This contract
significantly strengthens our presence in a rapidly growing industry”, adds
Jeppe Raaholt, CEO of Endúr.

The total value of the contract, including both the phases for detailed design
and construction, exceeds NOK 600 million. For reporting purposes, Endúr will
include the design phase as order intake in the third quarter of 2024.

“We are very pleased with the collaboration that we have had this far with Artec
Aqua, and are looking forward to together extend our cooperation on this
project”, says Karina Antonsen Hjelle, Chairman of The Board of Sævareid.

(ENDS)

For further information, please contact:

Media
General Manager of Artec Aqua, Ingegjerd Eidsvik, + 47 95 08 77 54
CEO of Endúr, Jeppe Raaholt, +47 97 66 97 59

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

About Endúr ASA
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 specialized project and marine services. Endúr ASA is
headquartered in Lysaker, Norway. See www.endur.no.

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