Transactions carried out under the buy-back program

24 Mar 2025 08:39 CET

24.3.2025 08:39:22 CET | Nekkar ASA | Acquisition or disposal of the issuer's
own shares

On June 7th Nekkar announced its decision to renew the share buy-back program.
The share buy-back program is executed in accordance with the authorization
granted to the Board of Directors by the Annual General Meeting of Nekkar held
on May 30, 2024. The program will be used for corporate purposes in accordance
with the above-mentioned authorization. The share buy-back program covers
purchase of up to 10,742,711 shares, and the maximum amount of the program is
NOK 100 million. The renewed program commenced on June 7th and is planned
finalized within May 30th, 2025 at the latest.

The share buy-back program is managed by Pareto Securities, which makes its
trading decisions regarding the timing of the share repurchases independently
of, without influence by, and without access to sensitive information
concerning, Nekkar.

During week 12 of 2025, Nekkar purchased 93,358 own shares at an average price
of NOK 11.7046 per share. Following this, Nekkar holds a total of 5,422,377 own
shares, corresponding to 4.047 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the
renewed buy-back program.

Date | Number of shares | Average price (NOK) | Total transaction
| | | value (NOK)
--------------------------------------------------------------------------------
17/03/2025 | 21,358 | 11.4159 | 357,598.40
--------------------------------------------------------------------------------
18/03/2025 | 20,000 | 11.7800 | 187,500.60
--------------------------------------------------------------------------------
19/03/2025 | 8,000 | 11.7500 | 164,810.30
--------------------------------------------------------------------------------
20/03/2025 | 22,000 | 11.7909 | 423,631.62
--------------------------------------------------------------------------------
21/03/2025 | 22,000 | 11.8136 | 404,961.83
--------------------------------------------------------------------------------
Previously | 4,744,948 | 10.1089 | 47,966,424.05
announced buy-backs | | |
under the program | | |
--------------------------------------------------------------------------------
Total buy-back made | 4,838,306 | 10.1397 | 49,059,143.85
under the program | | |

Appendix: For a comprehensive overview of all transactions conducted under the
buy-back program during the beforementioned time frame, we have attached an
appendix to this report

DISCLOSURE REGULATION

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

CONTACTS

* Marianne Voreland Ottosen, Head of finance, Nekkar ASA, +4740202593,
mvo@nekkar.com

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial company builder focused on ocean-based
technology. The company invests in and develops technology businesses within
sustainable oceans, robotics & intelligent logistics and digital solutions. With
a 50-year industrial heritage from Syncrolift, Nekkar applies an active
buy-to-own strategy to build long-term value. The group supports empowered
operating companies with a strong balance sheet and reinvests strategically to
ensure profitability and sustainable growth. As a publicly listed company,
Nekkar has a proven track record of shareholder value creation through
disciplined M&A, financial management, and capital allocation.

ATTACHMENTS

NKR buyback 24032025.pdf -
https://kommunikasjon.ntb.no/ir-files/17847326/18466387/5844/NKR%20buyback%20240
32025.pdf

More information:
Access the news on Oslo Bors NewsWeb site

642027_NKR buyback 24032025.pdf