Endúr ASA: Mandatory notification of trade and disclosure of large shareholding

3 February 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 a 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 2 February 2023 regarding the resolution by the Company's extraordinary general meeting (the "EGM") to inter alia issue 2,490,910 new shares in connection with settlement of Tranche 2 of the Private Placement. Following the resolution by the EGM and as further detailed in the Announcement, Artec Holding AS, a company closely associated with board member Bjørn Finnøy, has lent 2,490,910 existing shares in the Company, that are already listed on Oslo Børs, to SpareBank 1 Markets AS, acting on behalf of the Managers, to facilitate delivery-versus-payment settlement to investors allocated Offer Shares in Tranche 2 of the Private Placement. Please see the enclosed form for further details. During the term for the share loan, and prior to the redelivery of the borrowed shares, Artec Holding AS' shareholding in the Company has been reduced to 6,750,324 shares, equivalent to approximately 22.5% of the issued share capital and votes. Consequently, Artec Holding AS has fallen below the 25% threshold pursuant to section 4-2 (1) and (3) of the Norwegian Securities Trading Act. 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.