Eqva ASA: Redelivery of borrowed shares to close associate of primary insider

17 Oct 2024 19:48 CEST

Valen, 17 October 2024: Reference is made to the stock exchange announcement by
Eqva ASA (the "Company") on 15 October 2024 regarding the registration of a
share capital increase pertaining to the private placement of 2,422,500 new
shares in the Company (the "Private Placement"), raising gross proceeds of NOK
11,628,000.

Further reference is made to the stock exchange announcement on 3 October 2024
regarding notification of transaction by close associate of primary insiders and
disclosure of share lending. Nintor AS has lent existing and unencumbered shares
in the Company to Clarksons Securities AS and Fearnley Securities AS for the
Private Placement (the "Managers") that have been used for settlement towards
investors (excluding Nintor AS) having been allocated shares in the Private
Placement.

Following the registration of the share capital increase pertaining to the
Private Placement, the Managers have redelivered a total of 3,125,000 borrowed
shares to Nintor AS. In addition, the Managers have delivered 260,416 shares
allocated to Nintor AS in the Private Placement.

During the term of the share loan, and prior to the redelivery, Nintor AS'
shareholding was reduced to 5,344,323 shares (including 260,416 shares allocated
to Nintor AS in the Private Placement), equivalent to approximately 7.79% of the
issued share capital and votes. Upon redelivery of the borrowed shares, Nintor
AS' shareholding in the Company is 8,729,739 shares, equivalent to approximately
11.73% of the issued share capital and votes. Consequently, Nintor AS has
crossed the 10% threshold pursuant to section 4-2 (1) and (3) of the Norwegian
Securities Trading Act.

Nintor AS is a company closely associated with Tore Thorkildsen, board member of
the Company. Primary insider notification pursuant to the Market Abuse
Regulation article 19 is attached.

For more information, please contact:
Even Matre Ellingsen, CEO
Phone: +47 990 05 500

Petter Sørdahl, CFO
Phone: +47 917 56 147

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

About Eqva ASA
Eqva ASA is a knowledge-based active owner of engineering, construction and
service companies that contribute to the green transition in maritime, power
intensive and renewable industries.

The group has a well-diversified product and market portfolio, and further
growth will be established through a combination of company-based development,
utilization of synergies between the companies in the group as well as
value-creating M&A activities.

Key companies in the group are BKS and Fossberg Kraft, each building on decades
of experience and widely recognized by clients in a broad range of industries.

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