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Oslo, 11 September 2025:
Reference is made to the previous stock exchange announcements by Energeia AS (the "Company") regarding the fully the underwritten rights issue raising NOK 31 million ("Rights Issue") as approved by the extraordinary meeting of the Company on 8 September 2025.
The Rights Issue consists of an offer by the Company to issue 1,033,333,333 new shares (the "Offer Shares"), each with a nominal value of NOK 0.01, at a subscription price of NOK 0.03 per Offer Share ("Subscription Price").
A national prospectus pertaining to the Rights Issue (the "Prospectus") was registered with the Norwegian Register of Business Enterprises on 9 September 2025. The Prospectus is available at the Company's and Norne Securities AS' (the "Manager") websites www.energeia.no and www.norne.no/energeia , respectively.
Subscription period
The subscription period in the Rights Issue will commence today, on 11 September 2025 at 09:00 hours (CEST) and expires on 25 September 2025 at 16:30 hours (CEST).
Eligible Shareholders and trading in Subscription Rights
The Rights Issue is directed towards shareholders of the Company as of 8 September 2025, as registered in the VPS on 10 September 2025 (the "Record Date"), who are not resident in a jurisdiction where such offering would be unlawful or would (in jurisdictions other than Norway) require any prospectus, filing, registration or similar action (the "Eligible Shareholders").
Each Eligible Shareholder is granted 0.8684 transferable subscription rights ("Subscription Rights") for every existing share registered as held by such Eligible Shareholder in the VPS as at the Record Date, rounded down to the nearest whole Subscription Right. Each Subscription Right gives, subject to applicable law, the right to subscribe for, and be allocated, one (1) new share in the Rights Issue at the Subscription Price. Over-subscription and subscription without subscription rights is permitted.
The Subscription Rights will be tradable on Euronext Growth Oslo under the ticker code "ENRGT" from today, 11 September 2025 at 09:00 (CEST) and up until 19 September 2025 at 16:30 (CEST), and the Subscription Rights will hence only be tradable during a part of the Subscription Period.
Subscription Rights that are not used to subscribe for Offer Shares before the expiry of the Subscription Period on 25 September 2025 at 16:30 (CEST), or not sold before 16:30 (CEST) on 19 September 2025, will have no value and will lapse without compensation to the holder.
The Subscription Rights are expected to have an economic value if the Company's shares trade above the Subscription Price during the Subscription Period.
Underwriting consortium
As previously announced, an underwriting consortium has agreed to underwrite subscription of new shares for the full amount of NOK 31 million (the "Underwriting Obligation"). Each underwriter in the underwriting consortium (the "Underwriters") shall receive an underwriting commission equal to 10% of their respective Underwriting Obligation, which shall be settled in new shares in the Company (the "Underwriting Shares") to be issued at the Subscription Price. All conditions relating to the Underwriting Obligation have been fulfilled as of the date hereof. The Prospectus section 6.20 contains further information in this regard.
Payment and delivery
Subject to timely payment of the Offer Shares subscribed for and allocated in the Rights Issue, i.e. on 29 September 2025, the issuance and delivery of the Offer Shares pertaining to the Rights Issue is expected to be completed on or about 7 October 2025.
For further information, please contact:
Jarl Egil Markussen, CEO, e-mail: jarl@energeia.no and tel: +47 480 23 214
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.