Endúr ASA – Contract award Repstad

30 Jan 2025 13:30 CET

30 January 2025 – Repstad Anlegg AS (“Repstad”), a wholly owned subsidiary of
Endúr ASA (“Endúr”), has today been awarded a new contract for The Norwegian
Defence Estates Agency (No: Forsvarsbygg), worth a total of approximately NOK
200 million.

Repstad will take the role as main contractor and perform construction works in
relation to upgrades of an existing radar facility in Northern Norway. The works
are expected to commence in Q1 2025, with an estimated building period of
approximately two years. Repstad has been working on the construction site since
June 2024, with both the scope of work and the contract format being well known.

“We are very pleased to announce this contract. In addition to representing a
significant order intake, this contract adds to our list of refences relating to
military construction projects, which our strategy identifies as a core market
segment. Having worked with both the client and similar projects on several
occasions, we are very confident in Repstad’s execution capabilities – to the
common benefit of the client and Endúr’s shareholders”, says Bernt Olav Holen,
General Manager of Repstad.

(ENDS)

For further information, please contact:

Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759
Bernt Olav Holen, General Manager of

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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