Reference is made to the stock exchange announcement made by BEWI ASA ("BEWI" or
the "Company") yesterday (the "Announcement") regarding the successful private
placement raising gross proceeds of approximately NOK 896 million, equivalent to
EUR 75 million (the "Private Placement"), through issuance of new shares (the
"Offer Shares") at a subscription price of NOK 20.00 per Offer Share (the "Offer
Price"). All capitalised terms not defined herein shall have the meaning
ascribed to such terms in the Announcement.
To facilitate DVP settlement of the Offer Shares allocated to investors in the
Private Placement, BEWI Invest AS has lent a total of 21,039,345 existing and
unencumbered shares in BEWI already admitted to trading on Euronext Oslo Børs to
DNB Carnegie, a part of DNB Bank ASA, acting as settlement agent on behalf of
the Managers, pursuant to a share lending agreement. Prior to the share capital
increases pertaining to the Offer Shares, BEWI Invest AS held 97,958,328 shares
in the Company (representing ~51.09% of the issued shares and votes).
Following the registration of the share capital increase pertaining to the
issuance of Tranche 1 in the Private Placement, BEWI Invest AS will hold
115,263,441 shares in BEWI (representing ~50.10% of the issued shares and
votes). Furthermore, due to the share loan, BEWI Invest AS will temporarily
reduce its shareholding to 94,224,096 shares, equivalent to ~40.96% of the
issued shares and votes following registration of the share capital increase
pertaining to Tranche 1 in the Private Placement. BEWI Invest AS does not have
any rights to further shares or votes in the Company. Following registration of
the share capital increase for Tranche 1 in the Private Placement, BEWI's share
capital will be NOK 230,066,748, divided into 230,066,748 shares, each with a
par value of NOK 1.00 (prior to the issuance of the Tranche 2 shares in the
Private Placement). For more information about the, the Private Placement,
please refer to BEWI's stock exchange announcements of 20 August 2025.
Please see further details in the attached notification of trade.
This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3 and sections 4-2
and 5-12 of the Norwegian Securities Trading Act.