27 December 2023: Gross Management AS has today purchased 60,000,000 shares in
Borgestad ASA (the "Company") at a price of NOK 0.26 per share. Gross Management
AS is represented on the Company's board of directors by the chairperson Glen
Ole Rødland.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
section 5-12.

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