Energeia AS – Registration of prospectus and commencement of the subscription period for subsequent offering

12 Mar 2025 07:00 CET

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE HONG KONG SPECIAL
ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR THE UNITED STATES OR
ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD
BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Oslo, 12 March 2025:

Reference is made to the previous stock exchange announcement by Energeia AS
(the "Company") on 27 February 2025 regarding the extraordinary general
meeting's resolution to carry out a subsequent offering ("Subsequent Offering").



The Subsequent Offering consists of an offer by the Company to issue minimum
100,000,000 and maximum 556, 166,380 new shares (the "Offer Shares"), each with
a nominal value of NOK 0.02, at a subscription price of NOK 0.05 per Offer Share
("Subscription Price"), being equal to the subscription price in the private
placement in the Company completed on 1 March 2025 (the "Private Placement").
Subject to all Offer Shares being issued, the Subsequent Offering will result in
NOK 27.8 million in gross proceeds. A minimum subscription amount of NOK 5
million has been guaranteed by Eidsiva Vekst AS and Obligo Nordic Climate Impact
Fund AB.

A national prospectus pertaining to the Subsequent Offering (the "Prospectus")
was registered with the Norwegian Register of Business Enterprises on 11 March
2025. The Prospectus is available at www.norne.no/energeia and at
www.energeia.no and at the Company's offices at Cort Adelers gate 33, 0254 Oslo.

The subscription period in the Subsequent Offering will commence today, on 12
March 2025 at 09:00 hours (CET) and expires on 19 March 2025 at 16:30 hours
(CET).

The Subsequent Offering is, subject to applicable securities laws, directed
towards shareholders of the Company as of 13 February 2025, as registered in the
VPS on 17 February 2025 (the "Record Date"), who (i) were not given the
possibility to participate in the Private Placement, and (ii) are not resident
in a jurisdiction where such offering would be unlawful or would (in
jurisdictions other than Norway) require any prospectus, filing, registration or
similar action (the "Eligible Shareholders"). Each Eligible Shareholder have
been granted 8,0205 non-transferable subscription rights ("Subscription Rights")
for every existing share registered as held by such Eligible Shareholder in the
VPS as at the Record Date, rounded down to the nearest whole Subscription Right.
Each Subscription Right gives, subject to applicable law, the right to subscribe
for, and be allocated, one (1) new share in the Subsequent Offering at the
Subscription Price. Over-subscription and subscription without subscription
rights is not permitted.

The Subscription Rights must be used to subscribe for Offer Shares prior to
expiry of the Subscription Period on 19 March 2025 at 16:30 hours (CET).
Subscription Rights that are not used to subscribe for Offer Shares before the
expiry of the Subscription Period will have no value and will lapse without
compensation to the holder.

The payment date for the Offer Shares will be on or about 25 March 2025. Subject
to timely payment of the Offer Shares subscribed for and allocated in the
Subsequent Offering, the issuance and delivery of the Offer Shares pertaining to
the Subsequent Offering is expected to be completed on or about 28 March 2025
and the Offer Shares are expected to commence trading on Euronext Growth Oslo on
or about the same day.

Norne Securities AS is acting as manager in the Subsequent Offering (the
"Manager"). Advokatfirmaet Wiersholm AS is acting as legal advisor to the
Company.

For further information, please contact:

Jarl Egil Markussen, CEO, e-mail: jarl@energeia.no and tel: +47 480 23 214

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

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