Endúr ASA: Cancellation of Subsequent Offering

Endúr ASA: Cancellation of Subsequent Offering

Issuer

Endúr ASA

Reference is made to the stock exchange notice published by Endúr ASA (the
"Company") on 12 January 2023 regarding the completion of a private placement of
5,090,909 new shares in the Company at a subscription price of NOK 27.50 per
share, raising gross proceeds of approximately NOK 140 million (the "Private
Placement") and a potential subsequent offering at the same subscription price
as in the Private Placement directed towards eligible shareholders.

Since the completion of the Private Placement, the shares in the Company have
traded around or below the subscription price in the Private Placement and the
trading volume at these levels has been above the size of the potential
subsequent offering.

As a result, eligible shareholders have had sufficient opportunity to reduce the
dilutive effect of the Private Placement at trading prices similar to or lower
than what would have been the subscription price in the subsequent offering. The
Board of the Company has therefore decided to cancel the subsequent offering.

For further information, please contact:

Media - Jeppe Raaholt, CEO, tel: +47 976 69 759
Investors - Einar Olsen, CFO, tel: +47 924 01 787

More information:
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