Kaldvík AS: New share capital registeredFrøya, 11 June 2025: Reference is made to the stock exchange announcement by Kaldvík AS (the "Company") on 5 June 2025 regarding the successfully placed private placement of new shares in the Company to raise gross proceeds of a NOK equivalent of approximately EUR 46.2 million. The share capital increase pertaining to the issuance of 5,976,172 new shares in the first tranche of the Private Placement has today been registered with the Norwegian Register of Business Ent ...

Frøya, 5 June 2025: Reference is made to the stock exchange announcement made by Kaldvík AS ("Kaldvík" or the "Company") earlier today, regarding the successful completion of a private placement (the "Private Placement"), where it is stated that Tranche 2 of the Private Placement is subject to approval by the extraordinary general meeting of the Company. Notice is given to the shareholders of that an extraordinary general meeting will be held on 19 June 2025 at 11:00 hours (CEST). The meeting will be held d ...

Core Points - Kaldvík AS successfully completed a private placement raising approximately NOK 532 million (around EUR 46.2 million) [1] - The private placement consists of two tranches: Tranche 1 with 5,976,172 shares and Tranche 2 with 32,034,878 shares, pending approval from an extraordinary general meeting [2] - Austur Holding AS lent 1,724,097 existing shares to facilitate the settlement of the private placement [3] - Close associates of primary insiders subscribed for significant shares: Austur Holding AS subscribed for 27,045,027 shares, while AR-Invest AS subscribed for 32,910 shares [5]

Core Points - Kaldvík AS successfully completed a private placement raising approximately NOK 532 million (around EUR 46.2 million) [1] - The private placement consists of two tranches: Tranche 1 with 5,976,172 shares and Tranche 2 with 32,034,878 shares, pending approval from an extraordinary general meeting [2] - Austur Holding AS lent 1,724,097 existing shares to facilitate the settlement of the private placement [3] Transactions by Close Associates - Austur Holding AS subscribed for 27,045,027 new shares in the private placement and lent shares to DNB Carnegie for settlement [5] - AR-Invest AS, associated with primary insider Asle Rønning, subscribed for 32,910 new shares in the private placement [5]

Core Viewpoint - Kaldvík AS has completed a private placement and is considering a subsequent offering for eligible shareholders who were not included in the private placement [2][3][4] Group 1: Private Placement Details - The private placement was announced on 5 June 2025, with a maximum of 4.3 million new shares to be issued at a subscription price of NOK 14 per share [3] - The last day to receive subscription rights was 4 June 2025, with the record date set for 6 June 2025 [3] - The approval for the subsequent offering is expected around 19 June 2025, pending necessary corporate resolutions [3] Group 2: Eligibility and Conditions - Eligible shareholders include those who were not part of the pre-sounding phase or allocated shares in the private placement, and who reside in jurisdictions where the offering is lawful [2][3] - No oversubscriptions will be allowed, and subscription rights will not be tradable [3] Group 3: Role of Financial Institutions - DNB Carnegie acts as the Sole Global Coordinator and Joint Bookrunner, with Arion Banki hf and Nordea Bank Abp also serving as Joint Bookrunners for the private placement and potential subsequent offering [5]

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.Frøya, 5 June 2025: Reference is made to the stock exchange release from Kaldvík AS (the "Company") published on 4 June 2025 regarding a contemplated private placement to raise gross proceeds of the NOK equivalent of approximately EUR 46.2 million (the "Private Placement") ...