Arribatec Group ASA: Commencement of subscription period

15 Jan 2025 07:15 CET

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE
PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT

Oslo, 15 January 2025
Reference is made to the previous stock exchange announcements from Arribatec
Group ASA (the “Company”) regarding the approval to offer and list of up to 350
million new shares in the Company, raising gross proceeds of NOK 35 million (the
“Rights Issue”) and listing of up to 60 million new shares in the Company in a
private placement directed towards the Company’s directors, raising gross
proceeds of NOK 6 million (the “Director Offering”), and listing of up to
210,214,592 shares issued by exercise of warrants (the “Offer Shares”).

The subscription period will commence today, on 15 January 2025 at 09:00 hours
(CET), and ends on 29 January 2025 at 16:30 hours (CET). The Subscription Rights
may have value, depending on the price of the Shares. Any Subscription Rights
that are not sold or exercised to subscribe for Offer Shares before the
deadlines will have no value and lapse without compensation to the holder.

The Rights Issue is directed towards shareholder in the Company as of 2 December
2024 (as registered in the Norwegian Central Securities Depository (the “ESO”)
two trading days thereafter, on 4 December 2024 (the “Record Date”) who are not
resident in a jurisdiction here the prospectus may not be distributed and/or
with legislation that, according to the Company’s assessment, prohibits or
otherwise restricts subscription for shares (the “Eligible Shareholders”).

Eligible Shareholders will be granted 5.0307446 non-transferable subscription
rights (the “Subscription Rights”) for every one (1) existing share in the
Company registered as held by such Eligible Shareholder as of the Record Date.
The aggregate number of Subscription Rights will be rounded down to the nearest
whole Subscription Right. Each Subscription Right will, subject to applicable
securities law, give the right to subscribe for, and be allocated, one (1) Offer
Share. Subscription Rights will not be issued in respect of any Existing Shares
held in treasury by the Company.

The Rights Issue is fully underwritten. The Underwriters have undertaken on a
pro-rata basis (not jointly) to underwrite an aggregate subscription amount in
the Rights Issue of NOK 35 million (the "Total Underwriting Obligation"). Any
New Shares subscribed in the Rights Issue will reduce the underwriting
commitment of the Underwriters. No cash fee is payable for the Underwriting. The
Underwriters will, without additional costs, be granted one -1- tradeable
unlisted Warrant for every 2.33 underwritten offer share in the Rights Issue
(rounded down to the nearest whole number of Warrants)

Arctic Securities AS act as manager in the Rights Issue.
Please see the prospectus for more information about the Rights Issue. The
prospectus is available electronically at https://www.arctic.com/offerings

ADVISORS
Arctic Securities AS acts as manager in the Rights Issue.
Ro Sommernes advokatfirma DA is acting as legal advisor to the Company.


For further information, please contact:
Geir Johansen, CEO, Arribatec Group ASA: +47 4771 0451


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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