ABL Group ASA: Exercise of employee share options and share capital increase

Oslo, Norway, 9 September 2025: Reference is made to the stock exchange notice issued by ABL Group ASA (“ABL Group” or the “Company”) on 21 August 2025 regarding potential exercise of employee share options as part of the Company’s previous long-term incentive plan (“LTIP”).

Participants in ABL Group’s share option program have, on 9 September 2025, exercised a total of 2,332,500 options issued as part of the LTIP 2020 program at an exercise price of NOK 4.68.

Each option gives the right to receive one share in the Company. For more information on the LTIP and outstanding share options, please see the Company’s Annual Report as well as the notice to the Annual General Meeting 2025.

Following the exercise, the Board of Directors, pursuant to authorisation granted at the Company’s Annual General Meeting, has decided to increase the Company’s share capital by NOK 233,250.00 by issuing 2,332,500 new shares of par value NOK 0.1. Subsequent to the transaction, ABL Group’s share capital will be NOK 13,342,536.70 divided into 133,425,367 shares, each share having a par value of NOK 0.1 and carrying one vote in the Company’s general meeting.

The following options are exercised by primary insiders:

• 100,000 options are exercised by RV Ahilan, Chief Energy Transition Officer. Following the transaction, Ahilan will own 987,705 shares in the Company.

Ahilan and certain other option holders have transferred their rights to receive shares resulting from the exercised options to a third party. Following a sale of shares, these option holders will receive the net proceeds after deduction of the exercise price and accrued tax. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party in the market. The results of the sales process for primary insiders will be announced in a separate stock exchange notice when known.

Please see attached primary insider notification form pursuant to the requirements of the Market Abuse Regulation.
This information is subject to the disclosure requirements pursuant to MAR Article 19 and Section 5-12 of the Norwegian Securities Trading Act.

After the exercise, the following employee share options remain outstanding from the Company’s previous incentive plan:

• 740,000 vested share options expiring 11 April 2026, with exercise price NOK 10.69.

For more information about the Company’s current employee incentive programs, please refer to the Company’s remuneration report or the stock exchange notice issued by the Company on 8 May 2025.