Edison Bidco AS to Proceed with Compulsory Acquisition of Remaining Issued and Outstanding Shares in Volue ASA

28 Oct 2024 08:05 CET

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Oslo, 28 October 2024 – Reference is made to the stock exchange announcement
made on 28 October 2024 regarding the final results of the voluntary cash tender
offer made by Edison Bidco AS (the "Offeror"), an indirect subsidiary of AI Volt
(Luxembourg) Sàrl, a vehicle formed by funds managed and/or advised by Advent
International, L.P. and/or certain of its affiliates and funds managed and/or
advised by Generation Investment Management LLP to acquire all of the
outstanding shares (the “Shares”) in Volue ASA at a price of NOK 42.00 per
Share.

The Offeror hereby announces that it will proceed with a compulsory acquisition
of all Shares not owned by the Offeror, pursuant to Section 4-25 of the
Norwegian Public Limited Liability Companies Act and Section 6-22 (1) of the
Norwegian Securities Trading Act. The compulsory acquisition is subject to a
resolution by the Offeror's board of directors. If approved, the compulsory
acquisition will take effect from the close of trading on the Oslo Stock
Exchange today, 28 October 2024.

Advisers
Carnegie AS is acting as financial advisor while Advokatfirmaet Schjødt AS and
Kirkland & Ellis International are acting as legal advisors to the Offeror,
Advent and Generation and Clifford Chance LLP is acting as legal advisor to
Generation. ABG Sundal Collier ASA is acting as financial advisor to AFK while
Advokatfirmaet Wiersholm AS is acting as legal advisor to AFK. First House is
acting as communication advisors to Advent, AFK and Generation.

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