Edison Bidco AS to Proceed with Compulsory Acquisition of Remaining Issued and Outstanding Shares in Volue ASA

NOT FOR DISTRIBUTION, RELEASE OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, HONG KONG; NEW ZEALAND, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, RELEASE OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE PRIOR APPROVAL

Oslo, 28 October 2024 – Reference is made to the stock exchange announcement made on 28 October 2024 regarding the final results of the voluntary cash tender offer made by Edison Bidco AS (the "Offeror"), an indirect subsidiary of AI Volt (Luxembourg) Sàrl, a vehicle formed by funds managed and/or advised by Advent International, L.P. and/or certain of its affiliates and funds managed and/or advised by Generation Investment Management LLP to acquire all of the outstanding shares (the “Shares”) in Volue ASA at a price of NOK 42.00 per Share.

The Offeror hereby announces that it will proceed with a compulsory acquisition of all Shares not owned by the Offeror, pursuant to Section 4-25 of the Norwegian Public Limited Liability Companies Act and Section 6-22 (1) of the Norwegian Securities Trading Act. The compulsory acquisition is subject to a resolution by the Offeror's board of directors. If approved, the compulsory acquisition will take effect from the close of trading on the Oslo Stock Exchange today, 28 October 2024.

Advisers
Carnegie AS is acting as financial advisor while Advokatfirmaet Schjødt AS and Kirkland & Ellis International are acting as legal advisors to the Offeror, Advent and Generation and Clifford Chance LLP is acting as legal advisor to Generation. ABG Sundal Collier ASA is acting as financial advisor to AFK while Advokatfirmaet Wiersholm AS is acting as legal advisor to AFK. First House is acting as communication advisors to Advent, AFK and Generation.