ABL Group ASA: Exercise Period under Long-Term Incentive Plan

Oslo, Norway, 1 August 2024:

Between 2019 and 2022, ABL Group ASA (the “Company” or “ABL Group”) granted employee share options as part of the Company’s long-term incentive plan (“LTIP”). Each option gives a right to receive one share in the Company. For more information on the LTIP and outstanding share options, please see the Company’s Annual Report.

The Company has today opened an exercise window in which option holders may exercise vested share options. The exercise window closes on 22 August 2024 and any exercises will take effect only at the end of the window. Option holders who choose not to exercise during the current window will have the opportunity to exercise these in later exercise windows as decided by the Board of Directors.

The following share options vested in 2022 and 2023, and may be exercised during the current window:

• 450,000 share options, held by 10 option holders, with an exercise price of NOK 2.99.
• 4,597,500 share options, held by 68 option holders, with an exercise price of NOK 5.09.

In addition to the above, there are 783,000 unvested employee share options outstanding, vesting on 11 July 2025 at an average exercise price of NOK 11.63.