Moreld ASA: Transfer to Euronext Oslo Børs (main board)

20 Jun 2025 08:00 CEST

Stavanger, 20 June 2025: Moreld ASA ("Moreld" or the "Company") is pleased to
announce the successful transfer of the Company's shares to the main board,
Euronext Oslo Børs, with its shares continuing to trade under the ticker
"MORLD".

CEO of Moreld, Geir Austigard, comments "We are very pleased to announce that
we are taking the step up from Euronext Growth Oslo to the main list on
Euronext Oslo Børs, in line with the plan communicated at the time of the
listing on Euronext Growth Oslo in December 2024. Since the listing, Moreld
has delivered strong operational and financial results, in line with our
communicated targets."

The shares in Moreld were admitted to trading on Euronext Growth Oslo in
December 2024, with first day of trading on 19 December 2024, following a
private placement raising approx. NOK 1 billion in gross proceeds. In 2024,
Moreld delivered revenues of NOK 9.1 billion and an adjusted EBITDA of NOK
1,075 million (proforma excl. IFRS 16 and one-offs). Supported by a strong
first quarter, the company increased its EBITDA guidance for 2025 to NOK
0.95-1.2 billion. Following the implementation of a new policy to pay
dividends on a quarterly basis, the company distributed a first dividend of
NOK 0.42 per share in May 2025.

Moreld continues its development in line with the messages conveyed in our
latest quarterly presentation on May 15 this year. In connection with the
uplisting, we have prepared a prospectus and an updated investor presentation,
which includes additional historical and background information. These
materials are available at www.moreld.com/investor/investor-relations. Please
also find enclosed a letter from Moreld's CEO Geir Austigard to all
shareholders and potential new investors.

For more information, please contact:

CEO Geir Austigard
Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com

CFO Trond Rosnes
Telephone: +47 404 14 494
Email: Trond.rosnes@moreld.com

About Moreld

Moreld is an industrial multi-disciplinary engineering group offering
full-scope services across the offshore energy and marine industries including
subsea installations. The group comprises Moreld Apply, Ocean Installer and
Global Maritime. Moreld is a major player on the Norwegian continental shelf
with an international footprint. The Group is located in 19 countries, giving
access to all major offshore markets, and has over 2,800 employees and
contractors. For more information, please visit https://moreld.com/.

More information:
Access the news on Oslo Bors NewsWeb site

649725_Moreld CEO Letter.pdf
649725_Moreld ASA- Transfer to Euronext Oslo Børs (main board).pdf