The annual general meeting ofBorgestad ASA (the "Company") will be held on3 June 2024 at 12:00 hours (CEST) at the Company's premises in Gunnar Knudsens veg 144, Skien,Norway . Notice of the annual general meeting, including agenda, proposed resolutions, registration form, a form of proxy and other relevant documents, is enclosed hereto. The annual report for 2023 is available at the Company's website: www.borgestad.no. The agenda includes a proposal for a consolidation of the Company's shares (reverse share split) in the ratio 40:1 to meet theOslo Stock Exchange's requirement of a minimum market value ofNOK 1 per share. To facilitate the share consolidation, the board of directors also proposes a small increase of the Company's share capital byNOK 9.75 through the issue of 39 new shares, each with a nominal value ofNOK 0.25 , in order to obtain a total number of shares divisible by 40. Provided that the share consolidation is resolved by the general meeting, the Company will issue a separate stock exchange announcement with the key dates for the share consolidation once such dates have been determined. The agenda also includes a proposal that the nominal value of the Company's shares following the share consolidation shall be reduced fromNOK 9 toNOK 1 per share through a share capital reduction, in order to obtain a more appropriate ratio between the nominal value and other paid-in capital for the Company's shares. Reference is made to the notice of the annual general meeting for further information about the above-mentioned proposals, as well as the other items on the agenda. For further information, please contact:Pål Feen Larsen , CEO of Borgestad ASA Tel.: +47 48 84 53 33 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. AboutBorgestad | www.borgestad.noBorgestad ASA (OSE:BOR) is an investment company focused on real estate and industry. The key investments include Agora Bytom shopping center and the leading refractory manufacturer HöganäsBorgestad . About HöganäsBorgestad | www.hoganasborgestad.com HöganäsBorgestad develops, manufactures and delivers refractory products, installations and turnkey solutions that enhance the productivity and competitiveness of industrial customers. The aim is to contribute to the customers' profitability by providing high-value refractory solutions to their challenges. Today, the company is a leading supplier in the refractory market of the Nordic countries and has a global presence in a number of selected application areas.
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