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Registration of share capital increase following exercise of warrants

Reference is made to the stock exchange announcement from AqualisBraemar LOC ASA
(the “Company”) on 5 August 2021 regarding exercise of warrants.

The share capital increase as a result of the exercise of warrants has now been registered in the Norwegian Register of Business Enterprises, and the Company’s share capital has been increased by NOK 100,000.

Following registration of the share capital increase, the Company has an issued
share capital of NOK 9,692,258.30 divided into 96,922,583 shares each with a par value of NOK 0.10.

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