Transactions carried out under the buy-back program

10 Nov 2025 08:56 CET

10.11.2025 08:56:49 CET | Nekkar ASA | Acquisition or disposal of the issuer's
own shares

On June 2nd Nekkar announced its decision to renew the share buy-back program.
The share buy-back program is executed in accordance with the authorization
granted to the Board of Directors by the Annual General Meeting of Nekkar ASA
held on May 28, 2025. The program will be used for corporate purposes in
accordance with the above-mentioned authorization. The share buy-back program
covers purchase of up to 10,742,711 shares, and the maximum amount of the
program is NOK 100 million. The renewed program commenced on June 2nd and is
planned finalized within May 30th, 2026 at the latest.

The share buy-back program is managed by an independent third party, which makes
its trading decisions regarding the timing of the share repurchases
independently of, without influence by, and without access to sensitive
information concerning Nekkar.

During week 45 of 2025, Nekkar purchased 305 506 own shares at an average price
of NOK 12,4211 per share. Including shares acquired under previous buy-back
programs and adjusted for shares used in employee programs and acquisitions,
Nekkar now holds a total of 9 434 200 own shares, corresponding to 8,782 percent
of the shares in the company.

Below is a more detailed overview of the transactions carried out under the
renewed buy-back program.

Date | Number of shares | Average price (NOK) | Total transaction
| | | value (NOK)
--------------------------------------------------------------------------------
03.11.2025 | 75 000 | 12,0495 | 903 711,60
--------------------------------------------------------------------------------
04.11.2025 | 39 506 | 11,7880 | 465 695,50
--------------------------------------------------------------------------------
05.11.2025 | 79 000 | 12,6552 | 999 762,55
--------------------------------------------------------------------------------
06.11.2025 | 57 000 | 12,8956 | 735 050,00
--------------------------------------------------------------------------------
07.11.2025 | 55 000 | 12,5545 | 690 500,00
--------------------------------------------------------------------------------
Previously | 2 922 994 | 10,4149 | 30 442 599,65
announced buy-backs | | |
under the program | | |
--------------------------------------------------------------------------------
Total buy-backs | 3 228 500 | 10,6047 | 34 237 319,30
made under the | | |
program | | |

Appendix: For a comprehensive overview of all transactions conducted under the
buy-back program during the beforementioned time frame, we have attached an
appendix to this report

DISCLOSURE REGULATION

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

CONTACTS

* Marianne Voreland Ottosen, Head of finance, Nekkar ASA, +4740202593,
mvo@nekkar.com

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology
companies. The company invests in and develops technology businesses within
sustainable oceans, robotics and intelligent logistics, and digital solutions.
With a 50-year industrial heritage from Syncrolift, Nekkar applies an active
buy-to-own strategy to build long-term value. The group supports empowered
operating companies with a strong balance sheet and reinvests strategically to
ensure profitability and sustainable growth. As a publicly listed company,
Nekkar has a proven track record of shareholder value creation through
disciplined M&A, financial management, and capital allocation.

ATTACHMENTS

NKR buy back 10112025.pdf -
https://kommunikasjon.ntb.no/ir-files/17847326/18713252/6551/NKR%20buy%20back%20
10112025.pdf

More information:
Access the news on Oslo Bors NewsWeb site

659181_NKR buy back 10112025.pdf