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26 May 2023 12:08 CEST

Stavanger, 26 May 2023

North Sea Strategic Investments AS, an entity wholly owned by HitecVision VII
L.P., and HV VI Invest Sierra AS, an entity wholly owned by HitecVision VI L.P.
(the “Share Lenders”), both managed by HitecVision Advisory AS, has on 10 May
2023 entered into a share lending agreement pursuant which DNB Markets, part of
DNB Bank ASA (the “Settlement Agent”) borrowed 1 355 363 shares and 1 116 565,
respectively, in total 2 471 928 of ordinary shares in the Company, to
facilitate settlement in the contemplated private placement in the Company.

The Settlement Agent has today re-delivered the borrowed shares. Consequently
North Sea Strategic Investments AS have increased their holding to 1 355 363
shares and votes, representing 11.77 % of the shares and votes, and HV VI Invest
Sierra AS have increased their holding to 1 116 565 shares and votes,
representing 9.69 % of the shares and votes. In total the entities managed by
HitecVision Advisory AS hold 2 471 928 shares and votes representing 21.46 % of
the shares and votes of the Company.

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