Moreld AS: New share capital registered

22 Jan 2025 12:18 CET

Stavanger, 22 January 2025: Reference is made to the stock exchange announcement
made by Moreld AS ("Moreld" or the "Company") on 20 January 2025 regarding the
board of directors' resolution to increase the Company's share capital by the
issuance of 3,727,023 new shares at a price of NOK 13.95 per share following
Pareto Securities AS' (the "Stabilisation Manager") partial exercise of the
greenshoe option granted by the Company in connection with the private placement
and admission to trading on Euronext Growth Oslo in December 2024.

The share capital increase in Moreld has now been registered with the Norwegian
Register of Business Enterprises:

– Share capital: NOK 17,955,511.90 (new)
– Total number of shares: 179,555,119 (new)
– Par value per share: NOK 0.10

The new shares will be issued to the Stabilisation Manager and redelivered by
the Stabilisation Manager to Allard 2 Limited and Sona Credit Master Fund
Limited, Sona Capital Solutions II SCSp, and Sona Blue Peak Limited in
accordance with the terms of a share lending arrangement. 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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