M Vest Water AS – End of stabilisation and exercise of greenshoe option

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Bergen, 25 June 2021: Reference is made to the announcement on 27 May 2021 regarding potential stabilisation activities in respect of the shares in M Vest Water AS («MVW » or the «Company») in connection with a private placement of shares in the Company (the «Offering») and admission of the Company’s shares on Euronext Growth Oslo (the «Listing»).

The Company has been notified by Fearnley Securities AS (“Fearnley”), acting as manager of the Offering and as Stabilisation Manager, that the stabilisation period initiated on 28 May 2021 has been discontinued. No stabilisation transactions have been undertaken. In order to permit the redelivery of shares in the Company which were borrowed and over-allotted in the Offering, Fearnley has today, 25 June 2021, exercised the greenshoe option and will subscribe for 1,200,000 new shares in the Company at the offer price of NOK 12.50 per share. The new shares will be redelivered to the lenders M Vest Invest AS and Norwegian Water Technologies AS in accordance with the terms of the share lending agreement between the parties. Following issuance of the new shares, the number of shares outstanding in the Company will be 29,200,000, each with a par value of NOK 0.00227.

For further information, please contact:

Petter Skar, Fearnley Security AS

W: +47-22936374 | M: +47-92464642 | p.skar@fearnleys.com

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