Moreld ASA: Result of Offer to buy back own shares

10 Jul 2025 20:30 CEST

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Stavanger, 10 July 2025: Reference is made to the stock exchange announcement
by Moreld ASA ("Moreld" or the "Company") on 8 July 2025, where Moreld
launched an offer to all shareholder to purchase up to 2,000,000 shares in the
Company through a reverse book building process (the "Offer") (subject to up
or down sizing). The application period expired at 16:30 CEST on 10 July 2025.
SpareBank 1 Markets AS has been engaged to assist with the Offer.

Following the end of the application period, the Company has resolved to buy
1,856,000 shares at a price of NOK 17.25 per share, which gives an aggregate
purchase price of NOK 32 million.

Allocation notifications will be sent to shareholders who tendered shares in
the Offer on or around 11 July 2025. The trade date will be 11 July 2025, and
the settlement date is expected to be on or around 15 July 2025. The
settlement will be conducted on a normal delivery-versus-payment basis (DVP)
or via the VPS system.

Following settlement of the Offer, the Company will own 1,856,000 shares in
the Company, corresponding to approximately 1% of the shares in issue.

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

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/.

IMPORTANT NOTICE

The Offer will be carried out in accordance with applicable laws and
regulations and information pertaining to the Offer will be disclosed by way
of stock exchange notices.

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions
(including, but not limited to, the United States, Canada, Australia and
Japan). Neither Moreld nor the Manager assume any responsibility in the event
there is a violation by any person of such restrictions. This includes
shareholders who have changed their domicile to such jurisdictions but which
may access their VPS accounts. Persons into whose possession this announcement
or relevant information should come are required to inform themselves about
and to observe any such restrictions.

The Offer is not being made directly or indirectly in, or by use of the mails
of, or by any means or instrumentality of interstate or foreign commerce of,
or any facilities of a national securities exchange of, the United States of
America, its territories and possessions, any State of the United States and
the District of Columbia (the "United States") or any other jurisdiction in
which this would be unlawful, require registration or other measures. This
includes, but is not limited to, facsimile transmission, internet delivery,
e-mail and telephones. Copies of this release and any related documents are
not being, and must not be, mailed, e-mailed or otherwise distributed or sent
in or into the United States or any such jurisdiction and so doing may
invalidate any purported acceptance.

More information:
Access the news on Oslo Bors NewsWeb site

651070_Moreld ASA- Result of Offer to buy back own shares.pdf