Moreld AS: Resolution on share capital increase in relation to partial exercise of greenshoe option

20 Jan 2025 12:50 CET

Stavanger, 20 January 2025: Reference is made to the stock exchange announcement
made by Moreld AS ("Moreld") on 17 January 2025 regarding the end of the
stabilisation period following the private placement of new shares in the
Company (the "Private Placement") and the subsequent admission to trading on
Euronext Growth Oslo.

During the stabilisation period, Pareto Securities AS (the "Stabilisation
Manager") purchased a total of 3,472,977 shares in Moreld as part of the
stabilisation activities.

In order for the Stabilisation Manager to permit redelivery of the 7,200,000
shares in Moreld that were borrowed from Allard 2 Limited and Sona Credit Master
Fund Limited, Sona Capital Solutions II SCSp, and Sona Blue Peak Limited and
over-allotted in the Private Placement, the Stabilisation Manager has in part
exercised its option to require Moreld to issue new shares at a price of NOK
13.95 per share, equal to the offer price in the Private Placement (the
"Greenshoe Option").

On this basis, the board of directors of Moreld has today resolved to increase
Moreld's share capital by NOK 372,702.30, by the issuance of 3,727,023 new
shares to the Stabilisation Manager at a price of NOK 13.95 per share, pursuant
to the board authorisation granted by the extraordinary general meeting on 12
December 2024. Following registration of the share capital increase with the
Norwegian Register of Business Enterprises, the share capital of Moreld will be
NOK 17,955,511.90, divided into 179,555,119 shares, each with a par value of NOK
0.10.

The shares borrowed from Allard 2 Limited (a close associate of Julian Mcintyre,
chair of the board of Moreld) will be redelivered after the expiry of the
current closed period pursuant to the EU Market Abuse Regulation, expected on 14
February 2025.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Oslo Rule
Book Part II.

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

About Moreld

Moreld is an industrial multi-disciplinary engineering group offering full-scope
services across the offshore energy and marine industries including subsea
installations. The group comprises Moreld Apply, Ocean Installer and Global
Maritime. Moreld is a major player on the Norwegian continental shelf with an
international footprint. The Group is located in 19 countries, giving access to
all major offshore markets, and has over 2,800 employees and contractors. For
more information, please visit https://moreld.com/.

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