Kaldvik AS - Issuance of new shares

18 Sep 2025 22:28 CEST

Frøya, 18 September 2025: Reference is made to the stock exchange announcements
by Kaldvik AS (the "Company") on 22 April 2024, regarding the acquisition of
100% of the shares in Mossi ehf. which was settled with an unsecured, interest
free seller's credit with a maturity date on 31 December 2025 and a nominal
amount of NOK 43,594,165 (the "Receivable").

The board of directors has today resolved to settle the Receivable by issuance
of 1,579,498 new shares in the Company pursuant to an authorization to increase
the share capital granted by the annual general meeting on 27 June 2025. The new
shares have been issued to Heimstø AS, a close associate to a primary insider of
Kaldvik, as further specified in the attached notifications of trading.

The Company will register the new share capital increase with the Norwegian
Register of Business Enterprises and issue a separate announcement when the
registration of the share capital increase has been completed. Following
registration of the share capital increase with the Norwegian Register of
Business Enterprises, the Company will have a share capital of NOK
16,826,833.50 divided into 168,268,335 shares, each with a nominal value of NOK
0.10.

This information is subject to the disclosure requirements pursuant to article
19 of Regulation EU 596/2014 (MAR) and section 5-12 of the Norwegian Securities
Trading Act.

For further information, please contact:

Róbert Róbertsson, CFO: +354 843 0086 (mobile)

More information:
Access the news on Oslo Bors NewsWeb site

655767_Kaldvik_PDMR_Heimsto AS.pdf