BEWI - Allocation of share options to management

17 Nov 2025 14:26 CET

In November 2024, BEWI announced that the board of directors had approved a new
long-term incentive (LTI) programme for the company, based on a similar
programme established in November 2020. The LTI programme is discretionary, and
participants are invited on an annual basis.

The second annual award under the 2024 programme was awarded on 15 November
2025, where the following primary insiders (PDMRs) of BEWI were awarded options:

· Chief Executive Officer Christan Bekken was awarded 83 333 options
· Chief Financial Officer Marie Danielsson was awarded 83 333 options
· Chief Operating Officer Jonas Siljeskär was awarded 83 333 options
· Chief Operating Officer Downstream Karl Erik Olesen was awarded 83 333
options
· Chief Legal Officer Petra Brantmark was awarded 83 333 options
· Chief Strategy Officer Stein Inge Liasjø was awarded 83 333 options

The strike price of the options was calculated based on the volume-weighted
average share price ten (10) trading days prior to grant date, plus a premium of
10 per cent. The strike price for the options awarded on 15 November 2025 is NOK
17.72. Each option gives the holder the right to acquire one BEWI share. Maximum
profit gain per exercised option is NOK 50.

The options have a vesting period of three years, of which 20 per cent of the
options vest on 15 November 2026, 30 per cent on 15 November 2027, and 50 per
cent on 15 November 2028. The options expire after 5 years, i.e., on 15 November
2030. Exercise windows will be set by the board of directors.

Contacts:

Charlotte Knudsen, Chief Communications and Investor Relations Officer, tel. +47
9756 1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation
solutions. The company's commitment to sustainability is integrated throughout
the value chain, from production of raw materials and end goods, to recycling of
used products. With a vision to protect people and goods for a better every day,
BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

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

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