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Share capital increase

Reference is made to the stock exchange announcement from ABL Group ASA (the
“Company”) on 11 July 2022 regarding the acquisition of Add Energy.

The share capital increase (as further detailed in the 11 July 2022 announcement) is now registered.

These shares will be subject to a lock-up of 2 months from Transfer Effective Date, which was July 13, 2022.

Following registration of the share capital increase, the Company has an issued
share capital of NOK 9,950,486.20, divided on 99,504,862 shares, each with a par
value of NOK 0.10.