Bruton Limited (BRUT) Completion of a Private Placement of USD 50 million

03 Feb 2026 08:00 CET

Hamilton, Bermuda, 3 February 2026

Bruton Limited (Euronext Growth Oslo: BRUT) (the "Company") hereby refers to
its press release on 2 February 2026 regarding a private placement (the
"Private Placement") of approximately USD 50 million in new Norwegian
Depository Receipts ("NDRs") representing new underlying common shares on a
one-to-one basis (the "Private Placement Shares").

The Private Placement has now been completed and the Company has allocated
9,523,810 Private Placement Shares at USD 5.25 per share (the "Offer Price").

Notice of conditional allocation and payment instructions to the applicants in
the Private Placement will be communicated by the Managers (as defined below)
on or about 3 February 2026. Delivery of the Private Placement Shares
allocated in the Private Placement is expected to be settled by delivery
versus payment ("DVP"), expected on or about 5 February 2026.

The completion of the Private Placement is subject to customary conditions,
including the issuance of the Private Placement Shares, and the due
registration of the Private Placement Shares in Euronext VPS as NDRs.

The NDRs issued for the Private Placement Shares are not tradeable on Euronext
Growth Oslo before the share capital increase pertaining to the Private
Placement Shares has been completed and the NDRs have been registered in the
Norwegian Central Securities Depository (Euronext Securities Oslo or the
"VPS"). In line with section 3.11.5 of Rule Book II for issuers on Euronext
Growth Oslo, the Company will announce when the share capital increase has
been completed. Applicants in the Private Placement will be notified when the
NDRs have been registered in Euronext Securities Oslo.

The Board has carefully considered the structure of the equity raise in light
of the applicable rules and regulations concerning equal treatment. The Board
is of the view that it will be in the common interest of the Company and its
shareholders to raise equity through a private placement, in particular
because the Private Placement enables the Company to secure equity financing
to accommodate the Company's funding requirements. Further, a private
placement will reduce execution and completion risk, as it enables the Company
to raise equity efficiently and in a timely manner, with a lower discount to
the current trading price, at a lower cost and with a significantly reduced
completion risk compared to a rights issue. It has also been taken into
consideration that the Private Placement is based on a publicly announced
accelerated bookbuilding process.

Advisors
Clarksons Securities AS is acting as Global Coordinator and Joint Bookrunner
and Arctic Securities AS, DNB Carnegie, a part of DNB Bank ASA, Fearnley
Securities AS and Pareto Securities AS are acting as Joint Bookrunners
(together the "Managers"). Ro Sommernes advokatfirma AS is acting as legal
advisor to the Company in connection with the Private Placement.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act. This stock exchange
notice was published by Alfi Lao, Contracted Chief Accounting Officer, on the
date and time as set out in the release.

More information:
Access the news on Oslo Bors NewsWeb site