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 will be conducted in the period from 19 November 2024 to 20 December 2024 or until the maximum number of shares have been repurchased.

For the period from and including 25 November through 29 November 2024, ABL Group purchased a total of 55,850 shares at an average price of NOK 9.58 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.

Transaction overview:

The issuer’s holding of own shares: 141,663

Following the completion of the above transactions, ABL Group owned a total of 141,663 of its own shares, corresponding to 0.11% 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.

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 will be conducted in the period from 19 November 2024 to 20 December 2024 or until the maximum number of shares have been repurchased.

For the period from and including 19 November through 22 November 2024, ABL Group purchased a total of 39,600 shares at an average price of NOK 9.34 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.

Transaction overview:

The issuer’s holding of own shares: 85,813

Following the completion of the above transactions, ABL Group owned a total of 85,813 of its own shares, corresponding to 0.07% 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.

ABL Group ASA (or the “Company”, ticker: “ABL”) has decided to initiate a share buyback program of up to 250,000 of its own shares, representing approximately 0.19% of the outstanding share capital in the Company.

The Company currently owns a total of 46,213 of its own shares, representing approximately 0.04% of the outstanding share capital in the Company.

The buyback program will be conducted in accordance with the authorization granted to the Board of Directors at the Annual General Meeting on 29 May 2024.

Under the share buyback program, shares may be acquired for a total maximum amount of NOK 5,000,000 and for a maximum of 250,000 shares.

The number of shares acquired per day shall not exceed 31,214 shares, corresponding to 25% of the average daily trading volume during October 2024.

The repurchase will be conducted in the period from 19 November 2024 to 20 December 2024 or until the maximum number of shares have been repurchased.

The purpose of the share buyback program is to fulfil obligations in connection with employee incentive programs and board remuneration. Any shares purchased will be held in treasury until used for the above purposes.

The buyback program will be managed by Arctic Securities AS, which will make its trading decisions in relation to the acquisition of shares independently of, and uninfluenced by, the Company.

The transactions will be conducted in accordance with the Market Abuse Regulation (EU) No 596/2014, Commission Delegated Regulation (EU) 2016/1052 and Euronext Oslo Børs’ Guidelines for buyback programs and stabilization dated February 2021.

The shares in ABL Group ASA will be traded ex dividend NOK 0.40 as of today, 4
November 2024.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act and requirements under the EU Market
Abuse Regulation.

FINANCIAL YEAR 2024

29.04.2025 – Annual Report

26.02.2025 – Quarterly Report – Q4

FINANCIAL YEAR 2025

20.08.2025 – Half-yearly Report
28.05.2025 – Annual General Meeting

07.05.2025 – Quarterly Report – Q1
30.10.2025 – Quarterly Report – Q3

Dividend Amount: NOK 0.40 per share

Declared currency: NOK

Last day, including right: 1 November 2024

Ex-date: 4 November 2024

Record date: 5 November 2024

Payment date: On or about 27 November 2024

Date of approval: 30 October 2024

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.

Highlights Q3 2024

• Revenues of USD 86.2 million (Q3 23: USD 70.4 million)
• Operating profit of USD 2.5 million (Q3 23: USD 5.5 million)
• Adjusted EBIT of USD 3.0 million (Q3 23: USD 6.2 million)
• Net cash of USD 7.9 million (Q2 24: USD 10.8 million)
• Continued M&A activity: Ross Offshore fully consolidated from Q3 2024, and Hidromod completed immediately after Q3 close
• Semi-annual dividend of NOK 0.40 per share declared, to be paid in November

Reuben Segal, CEO of ABL Group ASA (“ABL Group” or the “Company”) commented:

“In Q3 2024 we saw a small increase in our EBIT to USD 3.0 million, despite our USD 0.5 million investment in the OWC diversification programme, but were unable to emulate the exceptional performance delivered by the group this quarter in 2023. Our offshore wind market remains challenging, but in other markets we see reasonable demand. The consolidation of Ross Offshore has grown the market presence of our AGR segment, which is now our largest segment measured by revenues and delivered strong performance despite ongoing integration.

The oil & gas, renewables and maritime markets remain solid long-term propositions, and we maintain a strong presence in many key geographies. Near term, as we have seen with offshore wind in the past 12 months, energy markets more broadly are finding a new equilibrium. This leads to shorter-term decision making, but ABL Group is well placed to benefit from the upside to come and will continue to seek accretive M&A opportunities.”

A presentation of the quarterly results will be held today at 08:30 CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be webcast live and available for replay shortly after. To watch the webcast, please visit our Reports and Presentations page.

The earnings release concerning the quarterly results and a corresponding slide presentation are available on www.newsweb.no and on our Reports and Presentations page.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

ABL Group ASA (“ABL Group”) will release its third-quarter results on Thursday, 31 October 2024, at approximately 06:00 Central European Time (CET).

A presentation of the quarterly results will be held the same day at 08:30 CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be webcast live and available for replay shortly after.

The webcast can be viewed at ABL Group’s website, www.abl-group.com, or directly at https://channel.royalcast.com/landingpage/hegnarmedia/20241031_2/

If you would like to attend the event in person, please notify SpareBank 1 Markets at corporateaccess@sb1markets.no.

The earnings release concerning the quarterly results and a corresponding slide presentation will be posted on www.newsweb.no and on our Reports and Presentations page.