Frøya, 7 October 2025: Reference is made to the stock exchange announcements by
Kaldvík AS (the "Company") on (i) 17 September 2025 regarding the resolution to
issue 155,951 new shares to certain members of the board of directors and the
management, in which the board members Renate Larsen and Hege Dahl and the
management members Vidar Aspehaug (CEO), Kjartan Lindbøl (COO), Elís Hlynur
Grétarsson (CEO of Bulandstindur) and Ólöf Helga Jónsdóttir (CPO) subscribed for
new shares at the same price as in the recent subsequent offering, and (ii) on
18 September 2025 regarding issuance of 1,579,498 new shares to Heimstø AS as to
settle the seller´s credit issued as consideration for 100% of the shares in
Mossi ehf.
The share capital increases pertaining to the issuance of the new shares to (i)
members of the board of directors and the management and (ii) Heimstø AS has
today been registered with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret).
Following the registration, the Company's share capital is NOK 16,826,833.50,
divided into 168,268,335 shares, each with a nominal value of NOK 0.10. For more
information about the share issues, please see the above mentioned
announcements.
This information is subject to the disclosure requirements in section 5-12 of
the Norwegian Securities Trading Act.
For further information, please contact:
Robert Robertsson, CFO: +354 843 0086 (mobile)