Endúr ASA: Redelivery of borrowed shares – mandatory notification of trade and disclosure of large shareholding

19 January 2023: Reference is made to the stock exchange notice made by Endúr ASA (the "Company") on 12 January 2023 (the "Announcement") regarding the completion of a private placement raising gross proceeds of approximately NOK 140 million (the "Private Placement") through the allocation of 5,090,909 new shares at the price per share of NOK 27.50 (the "Offer Price"). All terms used in this notice shall have the meaning ascribed to such terms in the Announcement. Reference is further made to the Company's stock exchange notice on 12 January 2023 regarding the mandatory notifications of trade and disclosure of large shareholding, including relating to the lending by Artec Holding AS, a company closely associated with board member Bjørn Finnøy, to the Managers of 2,599,999 existing and unencumbered shares in the Company to facilitate delivery-versus-payment ("DvP") settlement to investors allocated Offer Shares in Tranche 1 of the Private Placement. Following registration of the share capital increase pertaining to the board of directors' resolution to issue the 2,599,999 Offer Shares in Tranche 1, SpareBank 1 Markets AS, acting as settlement agent in Tranche 1 of the Private Placement on behalf of the Managers, has on 19 January 2023 redelivered 2,599,999 new shares in the Company to Artec Holding AS, as settlement of the shares borrowed in relation to settlement of Tranche 1. New shares issued by the Company were used for the redelivery. Please see the enclosed form for further details. Upon redelivery of the borrowed shares, Artec Holding AS holds 7,643,641 shares in the Company, representing approximately 25.43% of the issued share capital and votes in the Company. Consequently, Artec Holding AS has exceeded the 25% threshold pursuant to section 4-2 of the Norwegian Securities Trading Act. Subject to inter alia the resolution by the Company's extraordinary general meeting to be held on 2 February 2023 to issue Offer Shares in Tranche 2, the registration of the share capital increase pertaining to Tranche 2, and the subsequent redelivery of shares by SpareBank 1 Markets AS, acting on behalf of the Managers, to Artec Holding AS of shares to be borrowed to facilitate DvP settlement of Tranche 2, Artec Holding AS will have a shareholding in the Company of 9,241,234 shares, representing approximately 28.40% of the issued share capital and votes in the Company. This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and sections 4-2 and 5-12 of the Norwegian Securities Trading Act.