Constellation announces the approval of its share reverse split at the Extraordinary General Meeting and provides key information regarding its implementation

20 Jun 2025 05:35 CEST

Luxembourg, June 20th, 2025 – Reference is made to the notice of an
Extraordinary General Meeting disclosed on 13 May 2025 (the "EGM") by
Constellation Oil Services Holding S.A. (together with its subsidiaries,
“Constellation” or the “Company”) and the minutes from the EGM published on June
19 2025, where it was proposed to carry out a share reverse split of the
Company's registered ordinary shares (the “Shares”) in the ratio 18:1. A
corresponding reverse split in the ratio of 18:1 will be completed for the
Company's listed NDRs.

Below, the main information and deadlines in relation to the reverse share split
of the Norwegian Depositary Receipts (“NDRs”):

- Date on which the corporate action was made public: 13 May 2025 (notice of EGM
published).
- Reverse split ratio: 18 old NDRs grouped in 1 new NDR.
- Last day including right (last trading day before reverse split): 4 July.
- Ex-date: 7 July.
- Record date: 8 July.
- New ISIN: NO0013597419.
- Date of ISIN change: 7 July.
- Rounding rules: individual holders of an amount of NDRs which after the
reverse split, thus after it is divided by 18, results in fractional shares,
will have their holdings of NDRs rounded down to the nearest whole number.
Therefore, fractional NDRs will not be issued, and Company's Board of Directors
will ensure that the eventual fractional NDRs are grouped and sold on Euronext
Growth Oslo, with net proceeds from the sale being donated for charity.
- Date of approval: 19 June 2025 (EGM held and minutes published).


The company recommends that NDR holders who wish to avoid being rounded down due
to fractional amounts resulting from the reverse split, adjust their holdings,
by buying or selling NDRs, so that their total NDR holdings are exactly
divisible by 18, leaving no remaining fractions. Such trades must be done until
July 4, 2025 (included).

The company recommends that persons who hold Shares directly (i.e., not via NDRs
listed on Oslo Euronext Growth) and who wish to avoid being rounded down due to
fractional amounts resulting from the reverse split, adjust their holdings, by
buying or selling Shares, so that their total Share holdings are exactly
divisible by 18, leaving no remaining fractions. Such transfers must be done and
duly notified to the Company together with the corresponding documentation at
ir@theconstellation.com until July 4, 2025 (included).

This information is published in accordance with the requirements of the
Continuing Obligations for companies listed on the Oslo Stock Exchange and
Euronext Expand.

For further information, please contact ir@theconstellation.com

More information:
Access the news on Oslo Bors NewsWeb site

649714_COSH - Key Information Regarding Reverse Share Split.pdf