Endúr ASA – Contract award Repstad

20 Dec 2024 07:00 CET

20 December 2024 – Repstad Anlegg AS (“Repstad”), a wholly owned subsidiary of
Endúr ASA (“Endúr”), has been awarded a new contract for Otra Holding AS (“OH”)
and Arendal kommune (“AK”), worth a total of approximately NOK 80 million in
revenues.

Repstad will function as contractor for groundworks in relation to the levelling
of a new building site at Longum in Arendal, Norway. The scope of the work to be
carried out includes; blasting, mass transportation and establishment of roads
and other infrastructure. Repstad will immediately apply for commissioning
permit (No: “igangsettingstillatelse”). The works are expected to commence in Q1
2025, with an estimated building period of 18 months. Repstad has conducted
several similar projects, with both the scope of work and the contract format
being well known.

“We are very pleased to announce this award, which represents a significant
order intake within a segment in which Repstad has a long and successful
track-record”, says Bernt Olav Holen, CEO of Repstad.

(ENDS)

For further information, please contact:

Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759

Investors
Einar Olsen, CFO of Endúr, tel: +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 specialised project and marine services. Endúr ASA is
headquartered in Lysaker, Norway. See www.endur.no.

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