SUOGR01 – Satisfaction of conditional call

30 May 2025 18:19 CEST

Reference is made to the announcement published 21 May 2025 regarding the
exercise of the call option to redeem all outstanding bonds under the senior
secured bond issue 2020/2025 with ISIN NO0010900129.

The exercise of the call option was conditional upon the condition set out in
the Call Option Notice being satisfied no later than 2 June 2025. The condition
has been satisfied and all outstanding bonds will be redeemed on 5 June 2025 as
set out in announcement published 21 May 2025.

For further information, please contact: Ole Erlend Vormeland, CFO – Tel: +47
474 54 006

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