ABL Group ASA: Exercise of employee share options and share capital increase

20 Jan 2025 13:46 CET

Oslo, Norway, 20 January 2025: Reference is made to the stock exchange notice
issued by ABL Group ASA ("ABL Group" or the "Company") on 3 January 2025
regarding potential exercise of employee share options as part of the Company’s
long-term incentive plan (“LTIP”).

Participants in ABL Group’s share option program have on 20 January 2025
exercised a total of 990,000 options distributed as follows:

- 405,000 options issued as part of the LTIP 2019 program at an exercise price
of NOK 2.88; and
- 585,000 options issued as part of the LTIP 2020 program at an exercise price
of NOK 4.90.

Each option gives a right to receive one share in the Company. For more
information on the LTIP and outstanding share options, please see the Company’s
Annual Report as well as the notice to the Annual General Meeting 2024.

Following the exercise, the Board of Directors, pursuant to authorisation
granted at the Company's Annual General Meeting, has decided to increase the
Company's share capital by NOK 99,000.0 by issuing 990,000 new shares of par
value NOK 0.1. Subsequent to the transaction, ABL Group’s share capital will be
NOK 13,109,286.70 divided into 131,092,867 shares, each share having a par value
of NOK 0.1 and carrying one vote in the Company's general meeting.

After the exercise, the following employee share options remain outstanding:
- 2,412,500 vested share options expiring 14 September 2025, with exercise price
NOK 4.90; and
- 740,000 share options, vesting 11 July 2025 and expiring 11 April 2026, with
exercise price NOK 11.19.


For further information, please contact:

Investors and financial media:
Haakon Brandrud, Director of Strategy and Corporate Development, ABL Group ASA
Email: haakon.brandrud@abl-group.com

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 43 countries worldwide and operates under four
main brands: ABL, OWC, Longitude and AGR.

More information:
Access the news on Oslo Bors NewsWeb site