Completion of Asset Disposal and Disposal Put Option Event

30 Apr 2026 23:32 CEST

Houston, TX, April 30, 2026 — Wellbore Integrity Solutions Parent Inc. (the
"Issuer") hereby announces that on April 30, 2026, it completed a disposal of
real estate assets for aggregate gross consideration of approximately USD
42,218,011 (the "Asset Disposal").

The Asset Disposal constitutes a disposal with an aggregate value exceeding
10.00 per cent. of the Initial Issue Amount (USD 125,000,000) under the Issuer's
12.00% senior secured USD 200,000,000 bonds 2025/2029 (the "Bonds"), thereby
triggering a Disposal Put Option Event pursuant to Clause 10.7 of the Bond
Terms.

In accordance with the Bond Terms, the Issuer hereby offers all Bondholders a
put option (the "Disposal Put Option") at a price of 102.50 per cent. of the
Nominal Amount per Bond, limited to Bonds with an aggregate Nominal Amount of
USD 40,208,591.

A separate notice regarding the Disposal Put Option will be distributed to
Bondholders via the Bond Trustee, Nordic Trustee AS, and published on Stamdata
and NewsPoint, and attached hereto.

Attachment: Notice of a Disposal Put Option

Contact:
Him Amarawickrama
Vice President Corporate Development
Email: him.amarawickrama@wellboreintegrity.com

More information:
Access the news on Oslo Bors NewsWeb site

672177_Disposal Put Option Notice - Final(Signed).pdf
672177_WIS_Press_Release_April'26_vFinal.pdf