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Registration of share capital increase following the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, Norway – 18 May 2021

Reference is made to the stock exchange announcement from AqualisBraemar LOC ASA (the “Company”) on 30 April 2021 regarding the final results of the subsequent offering in the Company (the “Subsequent Offering”).

The share capital increase pertaining the Subsequent Offering with a nominal value of NOK 0.1 per share, has now been registered in the Norwegian Register of Business Enterprises, and the Company’s share capital has been increased with NOK 337,500.

Shares allocated in the Subsequent Offering are tradable on Oslo Stock Exchange.

Following registration of the share capital increase, the Company has an issued share capital of NOK 9,592,258.30 divided into 95,922,583 shares, each with a par value of NOK 0.1.