Moreld AS: Mandatory notifications of trade

Stavanger, 12 December 2024: Reference is made to the stock exchange announcement by Moreld AS ("Moreld" or the "Company") earlier today on Oslo Børs' ticker, "Oslo Børs", regarding the Company's successful private placement of 64,550,000 new shares in the Company (the "Private Placement"). Reference is further made to the announcement by Oslo Børs regarding Moreld's application for admission to trading of the Company's shares on Euronext Growth Oslo. The following primary insiders and close associates of primary insiders have been allocated new shares in connection with the Private Placement: – Allard 2 Ltd., a close associate of chair of the board and primary insider Julian Alexander McIntyre, will receive 9,588,731 new shares. Following the Private Placement, Mr. McIntyre will directly and indirectly hold a total of 51,288,023 shares in the Company, corresponding to 29.169% of the total share capital; – Annapurna Worldwide Services Pte Ltd, close associates of board member and primary insider Venkatraghavan Sivaramakrishnan, will receive 3,595,774 new shares. Following the Private Placement, Mr. Sivaramakrishnan will indirectly hold a total of 11,935,632 shares the Company, corresponding to 6.788% of the total share capital; – Oddakilen AS, a close associate of primary insider and board member Geir Austigard, will receive 230,000 new shares. Following the Private Placement, Mr. Austigard will indirectly hold a total of 245,200 shares in the Company, corresponding to 0.139% of the total share capital; – Ole Slorer will receive 83,952 new shares. Following the Private Placement, Mr. Slorer will directly hold a total of 360,242 shares in the Company, corresponding to 0.205% of the total share capital; – Sesna Invest AS, a close associate of Chief Financial Officer Trond Rosnes, will receive 179,211 new shares. Following the Private Placement, Mr. Rosnes will indirectly hold a total of 2,421,386 shares in the Company, corresponding to 1.377% of the total share capital. Please see the enclosed forms for further details. For more information, please contact: CEO Geir Austigard Telephone: +47 992 47 500 Email: Geir.austigard@moreld.com CFO Trond Rosnes Telephone: +47 404 14 494 Email: Trond.rosnes@moreld.com This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.