Nekkar ASA: Renewal of share buy-back program

02 Jun 2025 08:36 CEST

2.6.2025 08:36:17 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

The Board of Directors of Nekkar ASA ("Nekkar" or the "Company") has resolved to
renew the company's share buy-back program. The program will be carried out in
accordance with the authorization granted by the Annual General Meeting of
Nekkar held on 28 May 2025. In accordance with said authorization, the shares
acquired are intended to be used in connection with Nekkar's incentive programs
for employees and board members, to be deleted by way of reducing Nekkar's share
capital subject to any resolution by the Company's shareholder meeting or for
other corporate purposes.

The program authorizes the continued repurchase of up to 10,742,711 shares, with
a maximum total consideration of NOK 100 million. As of May 30th, Nekkar ASA
holds 6,201,900 own shares. The final number of total shares repurchased may be
significantly lower, depending on factors such as trading volumes and the
constraints outlined in Commission Delegated Regulation (EU) 2016/1052 on share
buy-back programs. The buy-back program will commence immediately and is
expected to be completed no later than 30 May 2026.

The share buy-back program will be managed by an independent third party, which
will make its trading decisions regarding the timing of the share repurchases
independently of, without influence by, and without access to sensitive
information concerning, Nekkar.

This information is made public by Nekkar pursuant to the EU Market Abuse
Regulation and subject to the disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

DISCLOSURE REGULATION

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

CONTACTS

* Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology
companies. The company invests in and develops technology businesses within
sustainable oceans, robotics and 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.

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