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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

NOL: Large Shareholding Disclosure

NOLRegulatory press release21.10.2026, 15.24
As a result of the new share capital registered on 14 October 2026 in Northern
Ocean, Ltd (ticker NOL NO) (the "Company"), whereby the Company issued
105,547,756 shares (the "New Shares"), Adage Capital Partner's, L.P. a fund
managed by Adage Capital Management, LP (the "Manager") fell below the 5%
reportable threshold of the voting rights and share capital in the Company.

The Manager remains in control of a total of 18,792,674 shares, however after
the issuance of the New Shares, that corresponds to 4.5974% of the votes and
shares outstanding.

This disclosure is made pursuant to section 4-2 cf. section 4-3 of the Norwegian
Securities Trading Act

Securities Trading Act\