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ABL Group ASA: Settlement of deferred consideration

ABL Group ASA (“ABL Group” or the “Company”) has today transferred 73,787 shares at an average price of NOK 0.1 to certain employees, as part of the deferred consideration for the acquisition of East Point Geo Ltd (“East Point Geo”) in 2021. The other deferred compensation due in 2024 related to East Point Geo has been settled in cash.

Following this transfer, the remaining deferred consideration in relation to East Point Geo consists of 442,722 ABL Group shares payable in two equal instalments in 2026 and 2028, subject inter alia to the original sellers’ continued employment in ABL Group.

For more information about the East Point Geo acquisition and the deferred consideration, please refer to the stock exchange notice dated 19 February 2021 and ABL Group’s annual report.

Following completion of the above transactions, ABL Group owns a total of 176,213 of its own shares, corresponding to 0.14% of ABL Group’s share capital.

This information is subject to disclosure requirements in Regulation EU 596/2014 (MAR) article 19 no. 3 and the Norwegian Securities Trading Act section 5-12.