ABL Group ASA: Vesting under Long-Term Incentive Plan

Oslo, 14 December 2023

With reference to the stock exchange notice by ABL Group ASA (the “Company” or “ABL Group”) dated 4 May 2021, in which it was announced that ABL Group had granted employee share options as part of the Company’s long-term incentive plan (“LTIP”). The vesting date for these options is today, 14 December 2023.

The following share options have vested today:
8,545,000 share options, held by 121 option holders, with an exercise price of NOK 5.26.

In addition, the following share options have previously vested and been extended:
630,000 share options, held by 13 option holders, with an exercise price of NOK 3.09.

The Company has today opened an exercise window in which option holders may exercise the above share options. The exercise window closes on 8 January 2024 and any exercises will take effect only at the end of the window. Option holders who choose not to exercise during the current window will have their options extended for 1 year and will have the opportunity to exercise these in later exercise windows as decided by the Board of Directors.

Following today’s vesting of employee share options, there are 848,000 unvested employee share options outstanding, vesting on 11 July 2025 at an average exercise price of NOK 12.03.

For more information on the LTIP and outstanding share options, please see the Company’s Annual Report.