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

9 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 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 3 February 2023 regarding the lending by Artec Holding AS, a company closely associated with board member Bjørn Finnøy, to SpareBank 1 Markets AS, acting on behalf of the Managers, of 2,490,910 existing shares in the Company, that are already listed on Oslo Børs, to facilitate delivery-versus-payment settlement to investors allocated Offer Shares in Tranche 2 of the Private Placement. Following registration of the share capital increase pertaining to the extraordinary general meeting's resolution to issue the 2,490,910 new shares in Tranche 2 on 2 February 2023, SpareBank 1 Markets AS, acting on behalf of the Managers, has on 9 February 2023 redelivered 2,490,910 new shares in the Company to Artec Holding AS, as settlement of the shares borrowed in relation to settlement of Tranche 2. 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 9,241,234 shares in the Company, representing approximately 28.4% 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. 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.