Date on which the corporate action was made public: 13 May 2024. 

Reverse split ratio: 40 old shares give 1 new share.

Last day including right: To be decided by the board of directors (subject to
approval by the annual general meeting). 

Ex-date: To be decided by the board of directors (subject to approval by the
annual general meeting).

Record date: To be decided by the board of directors (subject to approval by the
annual general meeting).

Date of approval: 3 June 2024.

Other information (optional): Reference is made to the notice of the annual
general meeting of Borgestad ASA to be held on 3 June 2024. The board of
directors proposes that the general meeting resolves a 40:1 reverse share split
(share consolidation), so that 40 shares are consolidated into 1 share. It is
proposed that the board of directors shall be authorised to determine the date
and the further process for completion of the reverse share split. A new ISIN
number will be issued for the new shares. Further information will be provided
in due course. 

This information is published in accordance with the requirements of the
Continuing Obligations.
For further information, please contact:
Pål Feen Larsen, CEO of Borgestad ASA 
Tel.: +47 48 84 53 33

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