Nekkar ASA: Renewal of share buy-back program

29 May 2026 11:00 CEST

29.5.2026 11:00:09 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

The Board of Directors of Nekkar ASA ("Nekkar" or the "Company") has resolved to
renew the Company's share buy-back program pursuant to the authorization granted
by the Annual General Meeting held on 28 May 2026.

Any shares acquired under the program may be used in connection with the
Company's employee and board incentive programs, as consideration in
acquisitions and other corporate transactions, or for such other purposes as
permitted under the authorization granted by the Annual General Meeting.

As of 29 May 2026, Nekkar holds 10,642,126 treasury shares, representing
approximately 9.9% of the Company's share capital. Subject to applicable laws
and regulations, the Company may acquire additional shares within the limits of
the authorization granted by the Annual General Meeting. The extent of any
repurchases under the program will depend on, among other things, market
conditions, trading volumes, applicable legal and regulatory limitations, and
the Company's treasury share position at any given time.

The buy-back program will commence immediately and remain in effect until the
expiry of the authorization granted by the Annual General Meeting, and in any
event no later than 30 June 2027, unless terminated earlier by the Board of
Directors.

The share buy-back program will continue to be managed by an independent third
party, which will make all trading decisions relating to the repurchase of
shares independently of, and uninfluenced by, the Company and without access to
inside information concerning Nekkar.

This information is disclosed pursuant to the EU Market Abuse Regulation and is
subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian
Securities Trading Act.

DISCLOSURE REGULATION

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

CONTACTS

* Ole Falk Hansen, CEO, +47 988 14 184, ir@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.

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