Scana ASA: Adjustment of loan agreement

30 Jun 2025 16:47 CEST

Bergen, 30 June 2025: Scana ASA and DNB Bank ASA have agreed on an adjustment to
the existing loan agreement with an improved covenant structure that is more
adapted to the company’s operations.

The company has, through a proactive dialogue with DNB, secured an adjustment to
the loan agreement’s covenant structure. The new structure is more adapted to
Scana’s operations and reduces the risk of covenant breaches.

The existing NIBD/EBITDA-covenant (adjusted EBITDA measured according to NGAAP)
is replaced with a covenant based on nominal quarterly EBITDA (adjusted EBITDA
measured according to NGAAP). The adjustment applies to the quarters Q2, Q3 and
Q4 of 2025.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 30
June 2025 at 16:47 CEST.

For more information, please contact:

Baste Tveito, CEO, Scana ASA, +47 916 69 641


Scana in brief
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no

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