Stavanger, 12 May 2023
North Sea Strategic Investments AS, an entity wholly owned by HitecVision VII
L.P., and HV VI Invest Sierra AS, an entity wholly owned by HitecVision VI L.P.
(the "Share Lenders"), both managed by HitecVision Advisory AS, has on 10 May
2023 entered into a share lending agreement pursuant to which it has granted DNB
Markets, part of DNB Bank ASA (the "Settlement Agent") an option to borrow up to
1 355 363 shares and 1 116 565, respectively, in total 2 471 928 ordinary
shares in the Company, to facilitate settlement in the contemplated private
placement in the Company. The Settlement Agent has today borrowed the maximum
number of shares. Consequently, the Share Lenders have reduced their holding
from 2 471 928 shares representing 28.09 % of the shares and votes to nil shares
and votes.
The Share Lenders expect to increase their holding to 1 355 363 and 1 116 565
shares, respectively, in total 2 471 928 shares and votes, upon re-delivery of
the shares from the Settlement Agent.