AqualisBraemar – Share capital increase registered

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Oslo, Norway – 17 December 2020

AQUALISBRAEMAR ANNOUNCES REGISTRATION OF PRIVATE PLACEMENT

Reference is made to the stock exchange notice by AqualisBraemar ASA’s (“AqualisBraemar” or the “Company”), dated 23 November 2020 regarding a private placement of 22,131,148 new shares (the “Private Placement Shares”), and the stock exchange announcement announced on 14 December 2020 regarding a completed extraordinary general meeting of the Company.

The share capital increase pertaining to Private Placement Shares has now been registered in the Norwegian Register of Business Enterprises.

AqualisBraemar’s new share capital is NOK 9,254,758.30 divided into 92,547,583 shares with a par value of NOK 0.10 per share. Each share gives one vote at the Company’s general meeting.
14,083,148 Private Placement Shares will be listed and tradeable from 17 December 2020 under an applicable exemption from prospectus requirements.

The listing of 8,048,000 of the Private Placement Shares is subject to a prospectus (the “Prospectus”) being approved by the Norwegian Financial Supervisory Authority and published by the Company and will be registered in the Norwegian Central Securities Depository on a separate ISIN pending such approval and publishing, upon which the shares will be converted to the ordinary ISIN of the Company and made tradable on Oslo Børs.

The Prospectus is expected to be published in January/February 2021.

For further information, please contact:

Investors and financial media

Dean Zuzic, CFO, AqualisBraemar ASA
Telephone: +47 41 43 35 60

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About AqualisBraemar ASA

AqualisBraemar ASA (OSE: Aqua) offers independent consultancy services to the offshore energy (oil & gas and renewables), shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 33 countries worldwide. AqualisBraemar ASA operates under three brands:

AqualisBraemar: a leading adjusting, marine and offshore consultancy to the energy, shipping and insurance industries
AqualisBraemar Yacht Services: a specialised marine consultant to the superyacht market
OWC: an independent consultancy to the offshore renewables sector

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