The resolution has been passed pursuant to the authority granted at the extraordinary general meeting of the Company on 18 October 2021. The new shares will be issued to the sellers of Likron GmbH as part of the consideration for the acquisition of that company. In accordance with the terms of the acquisition agreement, the new shares are being issued at a price of NOK 49.72 per share. The share price is based on 10 day’s volume weighted average share price prior to 4 May 2021 according to the acquisition agreement. Following the share capital increase, the share capital of the Company will be NOK 57,513,649.20 divided into 143,748,123 shares, each with a nominal value of NOK 0.40.