Moreld AS: Mandatory notification of trade – redelivery of borrowed shares and share purchase

Stavanger, 18 February 2025: Reference is made to the mandatory notification of trade disclosed by Moreld AS ("Moreld") on 18 December 2024 regarding the lending of shares in Moreld by Allard 2 Limited (a close associate of Julian McIntyre, chair of the board of Moreld) to Pareto Securities AS, acting as stabilisation manager on behalf of the Managers (as defined therein), for the purpose of facilitating delivery of over-allotted shares in the private placement completed prior to the admission to trading of Moreld's shares on Euronext Growth Oslo (the "Listing"). Reference is further made to Moreld's stock exchange announcements on 17 and 20 January 2025 regarding the end of the stabilisation period and the board of directors' resolution to increase Moreld's share capital following Pareto Securities AS' partial exercise of the greenshoe option granted by Moreld in connection with the private placement and the Listing. After the expiry of the closed period pursuant to the EU Market Abuse Regulation, Pareto Securities AS will redeliver 4,561,204 shares in Moreld to Allard 2 Limited, as settlement of the borrowed shares described above. Furthermore, Allard 2 Limited has on 17 February 2025 acquired 66,859 shares in Moreld at an average price of NOK 15.6184 per share. Following the redelivery of shares and share purchase, Allard 2 Limited's shareholding in Moreld has increased to 51,354,882 shares, equivalent to 28.60% 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 EU Market Abuse Regulation (596/2014) and section 5-12 of the Norwegian Securities Trading Act. About Moreld Moreld is an industrial multi-disciplinary engineering group offering full-scope services across the offshore energy and marine industries including subsea installations. The group comprises Moreld Apply, Ocean Installer and Global Maritime. Moreld is a major player on the Norwegian continental shelf with an international footprint. The group is located in 19 countries, giving access to all major offshore markets, and has over 2,800 employees and contractors. For more information, please visit https://moreld.com/.