Potential block purchase of existing shares in ABL Group ASA

24 Sep 2024 16:30 CEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR
ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

SpareBank 1 Markets AS (the “Manager”) has been retained by an undisclosed
financial investor to explore a potential block purchase (the “Offering”) of up
to about 10% of existing shares in ABL Group ASA (“ABL” or the “Company”). The
buyer does not currently own any shares in the Company.

The buyer reserves the right, at its sole discretion, to increase or reduce the
Offering size (among other depending on the final offering price) or to purchase
no shares at all.

The Offering will be conducted as a reverse bookbuilding process in which all
existing shareholders in the Company (who may legally offer shares without the
requirement for any prospectus, offer document or other measures) are invited to
sell shares to the buyer at a price level defined by the respective selling
shareholders by contacting the Manager. Please find relevant contact details
below.

The final price per share in the Offering will be set based on the sales orders
received at a level representing a satisfactory price and size (to be determined
by the buyer at its sole discretion). The final purchase price will be identical
for all selling shareholders.

The reverse bookbuilding period commences today, 24 September 2024, at 16:30
(CEST) and ends on 25 September 2024 at 08:00 CEST. The result of the Offering
(including the final size and price in the Offering) is expected to be published
before the opening of trading on the Oslo Stock Exchange tomorrow, 25 September
2024. Notification of allocation is expected to be made available by the Manager
on or about 25 September 2024 (T) before 09:00 (CEST) and settlement is expected
to take place on or about 27 September 2024 (T+2) on a delivery versus payment
basis (DVP).

The buyer may, at its sole discretion, extend or shorten the reverse
bookbuilding period at any time and for any reason without notice. If the
reverse bookbuilding period is extended or shortened, the other dates referred
to herein might be changed accordingly.

Existing shareholders in the Company wishing to participate in the Offering may
contact SpareBank 1 Markets AS at +47 24 14 74 80 in order to place a sales
order. Existing shareholders in the Company who would like to participate in the
Offering, and who are not registered as clients of the Manager, must establish a
client relationship before participating.


Important notice:

The Offering will be carried out in accordance with applicable laws and
regulations and information pertaining to the Offering will be disclosed by way
of stock exchange notices on www.newsweb.no.

The Offering and the distribution of this announcement and other information in
connection with the Offering may be restricted by law in certain jurisdictions
(including, but not limited to, the United States, Australia, Canada, Hong Kong
and Japan). None of the buyer or the Manager assume any responsibility in the
event there is a violation by any person of such restrictions. This includes
existing shareholders who have changed their domicile to such jurisdictions but
which may access their VPS accounts. Persons into whose possession this
announcement or relevant information should come are required to inform
themselves about and to observe any such restrictions.

The Offering is not being made directly or indirectly in, or by use of the mails
of, or by any means or instrumentality of interstate or foreign commerce of, or
any facilities of a national securities exchange of, the United States of
America, its territories and possessions, any State of the United States and the
District of Columbia (the “United States”) or any other jurisdiction in which
this would be unlawful, require registration or other measures. This includes,
but is not limited to, facsimile transmission, internet delivery, e-mail and
telephones. Copies of this release and any related documents are not being, and
must not be, mailed, e-mailed or otherwise distributed or sent in or into the
United States or any such jurisdiction and so doing may invalidate any purported
acceptance.

None of the buyer, the Managers nor any of their respective subsidiary
undertakings, affiliates or any of their respective directors, officers,
employees, advisers, agents or any other person accepts any responsibility
whatsoever for, or makes any representation or warranty, express or implied, as
to the truth, accuracy, completeness or fairness of the information or opinions
in this announcement (or whether any information has been omitted from the
announcement) or any other information relating to the Company, the buyer, or
associated companies, whether written, oral or in a visual or electronic form,
and howsoever transmitted or made available or for any loss howsoever arising
from any use of this announcement or its contents or otherwise arising in
connection therewith.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities in the Company. The price and value
of securities and any income from them can go down as well as up and you could
lose your entire investment. Past performance is not a guide to future
performance. Information in this announcement cannot be relied upon as a guide
to future performance. None of the Manager nor any of its affiliates accepts any
liability arising from the use of this announcement.

More information:
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