Moreld AS: Mandatory notification of trade – share lending

18 Dec 2024 06:16 CET

Stavanger, 17 December 2024: Reference is made to the stock exchange
announcement made by Moreld AS ("Moreld" or the "Company") on 12 December 2024
regarding the successful Private Placement (as defined therein) with a total
transaction size of approx. NOK 1 billion managed by Pareto Securities AS and
SpareBank 1 Markets AS as joint global coordinators, and Fearnley Securities AS
as co-manager (together, the "Managers").

Allard 2 Ltd., a close associate of the chair of the board of the Company,
Julian Alexander McIntyre, has lent a total of 4,561,204 existing shares to
Pareto Securities AS, in capacity as stabilisation manager, on behalf of the
Managers (of which all 4,561,204 shares will be delivered to investors in the
Private Placement). During the term of the share loan, and prior to the
redelivery, Allard 2 Ltd.'s shareholding in the Company will be reduced to
46,726,819 shares, equivalent to approximately 26.575% of the issued share
capital and votes.

Please see the enclosed form for further details.

For more information, please contact:

CEO Geir Austigard
Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com

CFO Trond Rosnes
Telephone: +47 404 14 494
Email: Trond.rosnes@moreld.com

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

More information:
Access the news on Oslo Bors NewsWeb site

635012_Appendix - Mandatory disclosure of transaction by PDMRs & close associates.pdf