Satisfaction of conditions for exercise of call option

06 Jun 2025 10:40 CEST

Reference is made to the announcement published 26 May 2025 regarding M Vest
Energy AS exercising its call option to redeem all outstanding bonds under its
senior secured bond issue 2022/2025 (with ISIN NO0012770942).

The exercise of the call option was conditional on satisfaction of the
conditions precedent for utilisation of a new credit facility agreement in an
amount sufficient to redeem the outstanding bonds.

We are pleased to confirm that the conditions have been satisfied and that all
outstanding bonds will be redeemed as set out in announcement published 26 May
2025. The entire bond issue will be repaid at a price equal to 103.00% of the
nominal amount for each redeemed bond plus accrued interest, with record date on
10 June 2025 and call option repayment date on 12 June 2025.

For any questions, please contact:

Christian Tveit, CFO
christian.tveit@mvestenergy.no
+47 97127522

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