Allocation to primary insider in the rights issue and private placement – amendment

With reference to the final result of the Rights Issue and Private Placement in AqualisBraemar ASA (the “Company”) which was announced 9 July 2019, the following primary insider have in addition been allocated offer shares at a subscription price of NOK 3.96 in accordance with allocation principles set out in the prospectus dated 21 June 2019 (the “Prospectus”): Allocations in the Private Placement:

Amish Sanghavi, finance director, has been allocated 53,559 offer shares, of which 40,995 is based on the number of subscription rights allocated to him and 12,564 is based on over-subscription. Following the issuance of the new shares in the Rights Issue, Amish Sanghavi and his close associates will own 330 553 shares in the Company.

This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.

This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.