Oslo, Norway, 27 January 2025: Reference is made to the stock exchange release by ABL Group ASA (“ABL Group” or the “Company”) published on 20 January 2025 regarding a share capital increase following the exercise of share options.

The issuance of 990,000 new shares has been registered with the Norwegian Register of Business Enterprises. Following registration, the share capital of ABL Group is NOK 13,109,286.70 divided into 131,092,867 shares, each share having a par value of NOK 0.1.

ABL Group ASA (“ABL Group” or the “Company”) (OSE: ABL): In accordance with resolution on remuneration to the Board of Directors made at the Annual General Meeting held 29 May 2024, the Company’s Board of Directors and an observer have been allocated shares (held in treasury) as follows:

Glen Ole Rødland, chairman – 12,000 shares
Yvonne Litsheim Sandvold, board member – 6,000 shares
Synne Syrrist, board member – 6,000 shares
Rune Eng, board member – 6,000 shares
David Wells, board member – 6,000 shares
Hege Marie Norheim, board member – 6,000 shares
Bjørn Stray, observer – 6,000 shares

Shares allocated to Glen Ole Rødland have been allocated to Gross Management AS, a company controlled by Glen Ole Rødland, while the shares allocated to Rune Eng have been allocated to Eng Invest AS, a company controlled by Rune Eng.

The shares have a lock-up of minimum 24 months from the date of the Annual General Meeting.

Primary insider notification forms pursuant to the requirements of the Market Abuse Regulation are attached hereto.

Following completion of the above allocations, ABL Group owns a total of 248,213 of its own shares, corresponding to 0,19 % of ABL Group’s share capital.

This information is subject to the disclosure requirements pursuant to MAR Article 19 and Section 5-12 of the Norwegian Securities Trading Act.

ABL Group ASA (the Company) has been notified of the following transactions by primary insider and observer of the Board of Directors, Bjørn Stray, and by closely associated legal person to primary insider and chairman of the Board of Directors, Gross Management AS, controlled by Glen Ole Rødland.

Bjørn Stray has purchased 45,000 shares at NOK 9.40 per share. Following the share purchase, Mr Stray holds 6,362,743 shares in the Company. Please see attached primary insider notification form pursuant to the requirements of the Market Abuse Regulation.

Gross Management AS has purchased 115,000 shares at NOK 9.40 per share. Following the share purchase, Gross Management AS holds 15,255,351 shares in the Company. Please see attached primary insider notification forms pursuant to the requirements of the Market Abuse Regulation.

This information is subject to the disclosure requirements pursuant to MAR Article 19 and Section 5-12 of the Norwegian Securities Trading Act.

Reference is made to the stock exchange notice issued by ABL Group ASA (“ABL Group” or the “Company”) on 3 January 2025 regarding potential exercise of employee share options as part of the Company’s long-term incentive plan (“LTIP”).

Participants in ABL Group’s share option program have on 20 January 2025 exercised a total of 990,000 options distributed as follows:

• 405,000 options issued as part of the LTIP 2019 program at an exercise price of NOK 2.88; and
• 585,000 options issued as part of the LTIP 2020 program at an exercise price of NOK 4.90.

Each option gives a right to receive one share in the Company. For more information on the LTIP and outstanding share options, please see the Company’s Annual Report as well as the notice to the Annual General Meeting 2024.

Following the exercise, the Board of Directors, pursuant to authorisation granted at the Company’s Annual General Meeting, has decided to increase the Company’s share capital by NOK 99,000.0 by issuing 990,000 new shares of par value NOK 0.1. Subsequent to the transaction, ABL Group’s share capital will be NOK 13,109,286.70 divided into 131,092,867 shares, each share having a par value of NOK 0.1 and carrying one vote in the Company’s general meeting.

After the exercise, the following employee share options remain outstanding:

• 2,412,500 vested share options expiring 14 September 2025, with exercise price NOK 4.90; and
• 740,000 share options, vesting 11 July 2025 and expiring 11 April 2026, with exercise price NOK 11.19.

Between 2019 and 2022, ABL Group ASA (the “Company” or “ABL Group”) granted employee share options as part of the Company’s long-term incentive plan (“LTIP”). Each option gives a right to receive one share in the Company. For more information on the LTIP and outstanding share options, please see the Company’s Annual Report.

The Company has today opened an exercise window in which option holders may exercise vested share options. The exercise window closes on 20 January 2025, and any exercises will take effect only at the end of the window.

The following share options vested in 2022 and 2023 and may be exercised during the current window:

• 405,000 share options, held by 9 option holders, each with an exercise price of NOK 2.88. These options will expire in March 2025 unless exercised in the current exercise window.
• 2,997,500 share options, held by 48 option holders, each with an exercise price of NOK 4.90. These options expire in September 2025 and may be exercised in a later exercise window.

In addition to the above, there are 740,000 unvested employee share options outstanding, vesting on 11 July 2025 at an average exercise price of NOK 11.19.

ABL Group ASA (“ABL Group” or the “Company”) (OSE: ABL) initiated a share buyback program 19 November 2024 to repurchase up to 250,000 of the Company’s common shares in open market transactions on the OSE until the date the maximum number of shares have been repurchased. The repurchase would be conducted in the period from 19 November 2024 to 20 December 2024 or until the maximum number of shares had been repurchased.

For the period from and including 16 December through 18 December 2024, ABL Group purchased a total of 12,401 shares at an average price of NOK 9.75 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of ABL Group during the period.

This completes the share repurchase program announced on 19 November 2024.

Transaction overview:

The issuer’s holding of own shares: 296,213
Following the completion of the above transactions, ABL Group owned a total of 296,213 of its own shares, corresponding to 0.23% of ABL Group’s share capital.

Appendix:
An overview of all transactions made under the Company’s buyback program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.