Moreld AS: Mandatory notification of trade – share lending

Stavanger, 17 December 2024: Reference is made to the stock exchange announcement made by Moreld AS ("Moreld" or the "Company") on 12 December 2024 regarding the successful Private Placement (as defined therein) with a total transaction size of approx. NOK 1 billion managed by Pareto Securities AS and SpareBank 1 Markets AS as joint global coordinators, and Fearnley Securities AS as co-manager (together, the "Managers"). Allard 2 Ltd., a close associate of the chair of the board of the Company, Julian Alexander McIntyre, has lent a total of 4,561,204 existing shares to Pareto Securities AS, in capacity as stabilisation manager, on behalf of the Managers (of which all 4,561,204 shares will be delivered to investors in the Private Placement). During the term of the share loan, and prior to the redelivery, Allard 2 Ltd.'s shareholding in the Company will be reduced to 46,726,819 shares, equivalent to approximately 26.575% of the issued share capital and votes. Please see the enclosed form 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.