Incus Investor ASA - Mandatory Notification of Trade

Panda AS has on 1 of September 2017 acquired 500.000 shares incus Investor ASA at an
average price of NOK 0.9378.

Panda AS is considered a primary insider because Panda is represented as the Chairman of the
Board of Directors in Incus Investor ASA by Per A Ravnestad.

Following this transaction Per A Ravnestad holds 6.738.937 shares in Incus Investor ASA
trough the companies Panda AS and International Oilfield Services AS.

For further information please contact:
Mr. Kjetil Flesjå, CFO Incus Investor ASA, Mobile: +47 900 41 213