Request to hold an extraordinary general meeting

04 Jun 2025 17:51 CEST

Today, on 4 June 2025, Kaldvik AS (the "Company") received a request from
shareholders representing approximately 30% of the shares, to hold an
extraordinary general meeting to consider a proposal to open an investigation
relating to the agreement entered into between the Company, Heimstø AS and Osval
ehf. to acquire 100% of the shares in Mossi ehf., Djupskel ehf., and 33.3% of
the shares in Bulandstindur ehf., which was completed on 25 March 2025 and which
the shareholders received additional information about in the shareholder
meeting held on 24 March 2025. The transaction is further described in separate
stock exchange notices from 20 December 2024, 28 February 2025 and 25 March
2025.

The proposal requests that further information is provided inter alia about the
valuations and the due diligence reports developed in connection with the
transaction. The Company will call for an extraordinary general meeting for this
purpose, in accordance with the requirements of the Norwegian Private Limited
Companies Act. If 10% or more of the share capital represented at the meeting
votes in favor, the shareholders may request that an investigation is opened.
The outcome of an investigation, if opened, is difficult to predict.

Contacts:

Roy Tore Rikardsen, CEO of Kaldvik AS
+354 791 0006 (mobile), roy.tore@kaldvik.is (mailto:roy.tore@kaldvik.is)

Róbert Róbertsson, CFO of Kaldvik AS
+354 843 0086 (mobile), robert.robertsson@kaldvik.is
(mailto:robert.robertsson@kaldvik.is)


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

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