TEKNA HOLDING ASA: FULLY UNDERWRITTEN RIGHTS ISSUE APPROVED BY THE EXTRAORDINARY GENERAL MEETING

13 Nov 2025 13:20 CET

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE
PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT

(Arendal, Norway / Sherbrooke QC, Canada – 13 November 2025)

Reference is made to the stock exchange announcement by Tekna Holding ASA (the
"Company") on 22 October 2025 and 12 November 2025 regarding the fully
underwritten rights issue of 100,000,000 new shares (the "Offer Shares") in the
Company at a subscription price of NOK 3.00 per new share (the "Subscription
Price") raising gross proceeds of NOK 300 million (the "Rights Issue"). The
Company simultaneously sent notice of an extraordinary general meeting in the
Company to be held on 13 November 2025 (the "EGM") to approve the Rights Issue,
as well as a proposal to decrease the share capital by reducing the nominal
value of the shares.

The EGM has today approved all items as proposed by the board of directors,
including the Rights Issue and the share capital reduction. The EGM thereby
resolved that the Company' share capital shall be increased by NOK 115,000,000
by issue of 100,000,000 new shares, each with a nominal value of NOK 1.15. The
minutes from the EGM are attached to this announcement.

Eligible Shareholders
The Rights Issue will be directed towards shareholders of the Company as of 13
November 2025, as registered in the VPS on 17 November 2025 (the "Record Date"),
who are not resident in a jurisdiction where such offering would be unlawful or
would (in jurisdictions other than Norway) require any prospectus, filing,
registration or similar action (the "Eligible Shareholders"). Each Eligible
Shareholder will be granted approximately 0.7845 transferable subscription
rights ("Subscription Rights") for every existing share registered as held by
such Eligible Shareholder in the VPS as of the Record Date, rounded down to the
nearest whole Subscription Right. Each Subscription Right gives, subject to
applicable law, the right to subscribe for, and be allocated, one (1) new share
in the Offering at the Subscription Price. Over-subscription and subscription
without subscription rights will be permitted.

Subscription Period and trading of Subscription Rights
The subscription period in the Rights Issue is expected to commence on 18
November 2025 at 09:00 hours (CET) and expire on 2 December 2025 at 16:30 hours
(CET) (the “Subscription Period”), subject to the timely approval and
publication of the Prospectus. Further information regarding the Rights Issue,
including subscription procedures, will be set out in the Prospectus which will
be made available at the Manager's website ahead of the Subscription Period.

Subscription Rights that are not used to subscribe for Offer Shares before the
expiry of the Subscription Period on 2 December 2025 at 16:30 (CET) or not sold
before 16:30 (CEST) on 26 November 2025, will have no value and will lapse
without compensation to the holder upon expiry of the Subscription Period.

The Subscription Rights are expected to have an economic value if the Company's
shares trade above the Subscription Price during the Subscription Period.

Underwriter
As previously announced, the Company's largest shareholder Arendals Fossekompani
ASA, has agreed to guarantee the subscription of the full amount of Offer Shares
to ensure that the Rights Issue is fully subscribed. No underwriting commission
will be paid for the underwriting.

Allocation, payment and delivery of Offer Shares
Allocation of the new shares in the Rights Issue is expected to take place on or
about 3 December pursuant to the following allocation principles:

a) First, new shares will be allocated in accordance to subscribers who have
validly exercised subscription rights during the subscription period;
b) Second, any unallocated new shares after the allocation under item a. above
shall be allocated to subscribers who have over-subscribed on a pro rata basis
based on the number of subscription rights exercised by each such subscriber;
c) Thirdly, new shares not allocated pursuant to item a. and b. above, will be
allocated to subscribers not holding subscription rights. Allocation will be
sought made on a pro rata basis on their respective subscription amounts.
d) Finally, any unallocated new shares following the allocation under item c.
above shall be allocated to the Underwriter.

The payment date for investors allocated Offer Shares in the Rights Issue is
expected to be on or about 5 December 2025.

Subject to timely payment in the Rights Issue, the Company expects that the
share capital increase pertaining to the Rights Issue will be registered with
the Norwegian Register of Business Enterprises on or about 11 December 2025 and
that the Offer Shares will be delivered to the VPS accounts of the subscribers
to whom they are allocated on or about 11 December 2025. The Offer Shares are
expected to be tradable on Euronext Oslo Børs from and including 11 December
2025.

Arctic Securities AS have been engaged as manager for the Right Issue (the
"Manager"). Advokatfirmaet Wiersholm AS is acting as legal advisor to the
Company.

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

CONTACTS

* Arina van Oost, Investor Relations | VP Corporate Strategic Development &
Innovation, +1 438 885 6330, Investors@tekna.com
* Dag Teigland, Chair of Tekna Holding ASA, +47 950 53 008


ABOUT TEKNA HOLDING ASA

Tekna is a world-leading provider of advanced materials to industry,
headquartered in Sherbrooke, Canada.

Tekna produces high-purity metal powders for applications such as 3D printing in
the aerospace, medical and automotive sectors, as well as optimized induction
plasma systems for industrial research and production. With its unique,
IP-protected plasma technology, the company is well positioned in the growing
market for advanced nanomaterials within the electronics and batteries
industries.

Building on 30 years of delivering excellence, Tekna is a global player
recognized for its quality products and its commitment to its large base of
multinational blue-chip customers. Tekna’s powder products increase productivity
and enable more efficient use of materials, thereby paving the way towards a
more resilient supply chain and circular economy.

www.tekna.com - http://www.tekna.com

- IMPORTANT INFORMATION –

This announcement does not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities of the Company in the United
States or any other jurisdiction. Copies of this document may not be sent to
jurisdictions, or distributed in or sent from jurisdictions, in which this is
barred or prohibited by law. The securities of the Company may not be offered or
sold in the United States absent registration or an exemption from registration
under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act").
The securities of the Company have not been, and will not be, registered under
the U.S. Securities Act. Any sale in the United States of the securities
mentioned in this communication will be made solely to "qualified institutional
buyers" as defined in Rule 144A under the U.S. Securities Act. No public
offering of the securities will be made in the United States.

Any offering of the securities referred to in this announcement will be made by
means of the Prospectus. This announcement is an advertisement and is not a
prospectus for the purposes of Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 on prospectuses to be published
when securities are offered to the public or admitted to trading on a regulated
market, and repealing Directive 2003/71/EC (as amended) as implemented in any
EEA Member State (the "Prospectus Regulation"). Investors should not subscribe
for any securities referred to in this announcement except on the basis of
information contained in the Prospectus. Copies of the Prospectus will,
following publication, be available from the Company's registered office and,
subject to certain exceptions, on the websites of the Manager.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. In the United Kingdom, this
communication is only addressed to and is only directed at Qualified Investors
who (i) are investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to
(d) of the Order (high net worth companies, unincorporated associations, etc.)
(all such persons together being referred to as "Relevant Persons"). These
materials are directed only at Relevant Persons and must not be acted on or
relied on by persons who are not Relevant Persons. Any investment or investment
activity to which this announcement relates is available only to Relevant
Persons and will be engaged in only with Relevant Persons. Persons distributing
this communication must satisfy themselves that it is lawful to do so.

This document is not for publication or distribution in, directly or indirectly,
Australia, Canada, Japan, the United States or any other jurisdiction in which
such release, publication or distribution would be unlawful, and it does not
constitute an offer or invitation to subscribe for or purchase any securities in
such countries or in any other jurisdiction. In particular, the document and the
information contained herein should not be distributed or otherwise transmitted
into the United States or to publications with a general circulation in the
United States of America.

The Manager is acting for the Company in connection with the Rights Issue and no
one else and will not be responsible to anyone other than the Company for
providing the protections afforded to its respective clients or for providing
advice in relation to the Rights Issue or any transaction or arrangement
referred to in this announcement.

Matters discussed in this announcement may constitute forward-looking
statements. Forward looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.


Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forwardlooking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date and are
subject to change without notice. This announcement is made by and is the
responsibility of, the Company. Neither the Manager nor any of its respective
affiliates makes any representation as to the accuracy or completeness of this
announcement and none of them accepts any responsibility for the contents of
this announcement or any matters referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. No reliance may be
placed for any purpose on the information contained in this announcement or its
accuracy, fairness or completeness. Neither the Manager nor any of its
respective affiliates accepts any liability arising from the use of this
announcement.

More information:
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659633_Tekna_Holding ASA - EGM minutes - 13 Nov 2025 (final).pdf