Primary insider notice

Reference is made to the ongoing fully underwritten rights issue (the “Rights issue”) in AqualisBraemar ASA (the “Company”).

Kim Boman, CFO, has subscribed for 105 000 rights issue shares, of which 105 000 corresponds to the number of subscription rights allocated to him based on his existing shareholding. Following the issuance of the new shares in the Rights Issue, he and his close associates will own at least 605 000 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.

The subscription period for the rights issue expires today

Not for distribution or release, directly or indirectly, in or into the united states or any other jurisdiction in which the distribution or release would be unlawful.

Reference is made to the previous announcements by AqualisBraemar ASA (the “Company”) regarding the rights issue of 8,882,575 new shares in the Company at a subscription price of NOK 3.96 per offer share (the “Rights Issue”). The subscription period for the Rights Issue will expire today, 8 July 2019, at 16:30 hours (CET). Correctly completed subscription forms must be received by the subscription office, or, in the case of online subscriptions, be registered, within this deadline.

Upon expiry of the subscription period, any subscription rights that have not been used to subscribe for offer shares will lapse and have no value. For more information, please refer to the prospectus for the Rights Issue dated 21 June 2019.

For further information, please contact:

Investors and financial media

Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 912

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About AqualisBraemar ASA

AqualisBraemar ASA (OSE: Aqua) is a public listed company that, through its subsidiaries and associates, offers adjusting, marine, offshore and renewables consultancy services to the energy, shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 48 offices located across 5 continents in 33 countries. AqualisBraemar ASA operates under three distinct brands globally:

• AqualisBraemar: a leading adjusting, marine and offshore consultancy to the energy, shipping and insurance industries
• AqualisBraemar Yacht Services: a specialised marine consultant to the superyacht market
• Offshore Wind Consultants: an independent consultancy to the offshore renewables sector

This information is subject to disclosure requirements pursuant to section 5-12 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.

Primary insider notice

Reference is made to the ongoing fully underwritten rights issue (the “Rights issue”) in AqualisBraemar ASA (the “Company”).

Rodger Dickson, Group MD Rig Moving & Offshore operations, has subscribed for 107 432 rights issue shares, of which 107 432 corresponds to the number of subscription rights allocated to him based on his existing shareholding. He has sold 142 subscription rights at a price of NOK 0.00 per subscription right. Following the sale, Rodger Dickson holds 0 subscription rights. Following the issuance of the new shares in the Rights Issue, he and his close associates will own at least 619 500 shares in the Company.

Ian Bonnon, the Chairman of Offshore Wind Consultants, has sold 106 374 subscription rights at a price of NOK 0.04 per subscription right. Following the sale, Ian Bonnon holds 0 subscription rights.

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.

Disclosure

In connection with the completion of the acquisition of Breamar Shipping, and the following issuance of shares to Breamar Shipping Services PLC, Tigerstadens total holding in Aqualis Breamar ASA is reduced to 4,18% of total share count.

Primary insider notice

Reference is made to the ongoing fully underwritten rights issue (the “Rights issue”) in AqualisBraemar ASA (the “Company”).

Ben Lazenby, Regional Managing Director Middle East in AqualisBraemar, has subscribed for 32 550 rights issue shares, of which 32 550 corresponds to the number of subscription rights allocated to him based on his existing shareholding. Following the issuance of the new shares in the Rights Issue, he and his close associates will own at least 187 550 shares in the Company.

Rodger Dickson, Group MD Rig Moving & Offshore operations, has subscribed for 107 534 rights issue shares, of which 107 534 corresponds to the number of subscriptiosn rights allocated to him based on his existing shareholding. Following the issuance of the new shares in the Rights Issue, he and his close associates will own at least 619 602 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.

Last day of trading in subscription rights

Not for distribution or release, directly or indirectly, in or into the United States or any other jurisdiction in which the distribution or release would be unlawful.

Reference is made to the previous announcements by AqualisBraemar ASA (the “Company”) regarding the rights issue of 8,882,575 new shares in the Company at a subscription price of NOK 3.96 per offer share (the “Rights Issue”). The period for trading in subscription rights (ticker code “AQUA T”) in the Rights Issue expires today, 4 July 2019, at 16:30 hours (CET).

The subscription period for the Rights Issue will expire at 16:30 hours (CET) on 8 July 2019. Subscription rights that are not used to subscribe for offer shares before the expiry of the subscription period (8 July 2019 at 16:30 hours (CET)) or sold before 16:30 hours (CET) on 4 July 2019 will have no value and will lapse without compensation to the holder.

For more information, please refer to the prospectus for the Rights Issue dated 21 June 2019.

For further information, please contact:

Investors and financial media

Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About AqualisBraemar ASA

AqualisBraemar ASA (OSE: Aqua) is a public listed company that, through its subsidiaries and associates, offers adjusting, marine, offshore and renewables consultancy services to the energy, shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 48 offices located across 5 continents in 33 countries. AqualisBraemar ASA operates under three distinct brands globally:

• AqualisBraemar: a leading adjusting, marine and offshore consultancy to the energy, shipping and insurance industries
• AqualisBraemar Yacht Services: a specialised marine consultant to the superyacht market
• Offshore Wind Consultants: an independent consultancy to the offshore renewables sector

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.

Primary insider notice

Reference is made to the ongoing fully underwritten rights issue (the “Rights issue”) in AqualisBraemar ASA (the “Company”).

Andreas Theophanatos, Regional Managing Director Brazil in AqualisBraemar, has subscribed for 107 559 rights issue shares, of which 107 559 corresponds to the number of subscription rights allocated to him based on his existing shareholding. Following the issuance of the new shares in the Rights Issue, he and his close associates will own at least 619 747 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.

Primary insider notice

Reference is made to the ongoing fully underwritten rights issue (the “Rights issue”) in AqualisBraemar ASA (the “Company”).

Reuben Segal, Group COO in AqualisBraemar, has subscribed for 100 000 rights issue shares, of which 100 000 corresponds to the number of subscription rights allocated to him based on his existing shareholding. Following the issuance of the new shares in the Rights Issue, he and his close associates will own at least 1 502 923 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.

Primary insider notice

Reference is made to the ongoing fully underwritten rights issue (the “Rights issue”) in AqualisBraemar ASA (the “Company”).

David Wells, CEO, has subscribed for 165 222 rights issue shares, of which 165 222 corresponds to the number of subscription rights allocated to him based on his existing shareholding. Following the issuance of the new shares in the Rights Issue, he and his close associates will own at least 951 998 shares in the Company.

Reuben Segal, Group COO, has sold 194 613 subscription rights at a price of NOK 0.0082 per subscription right. Following the sale, he and his close associates holds 100,000 subscription rights.

Stuart Mills, Group Commercial Director, has subscribed for 28 768 rights issue shares, of which 28 768 corresponds to the number of subscription rights allocated to him based on his existing shareholding. Following the issuance of the new shares in the Rights Issue, he and his close associates will own at least 165 766 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.

Primary insider notice

Reference is made to the ongoing fully underwritten rights issue (the “Rights issue”) in AqualisBraemar ASA (the “Company”).

Gross Management AS, a company controlled by Glen Rødland, Chairman of the Board, has today subscribed for 2,000,000 rights issue shares, of which 1,547,279 corresponds to the number of subscription rights allocated to him based on his existing shareholding and 452,721 represents over-subscription. As described in the prospectus, Gross Management AS may also be allocated additional shares pursuant to the underwriting agreement. Following the issuance of the new shares in the Rights Issue, Rødland and his close associates will own at least 8,915,275 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.