Endúr ASA (OB:ENDUR) agreed to acquire 100% stake in Repstad Anlegg As for NOK 317 million on November 7, 2023. As per agreement NOK 167 million will be paid in consideration shares with the lock-up period restrictions of being released with 1/3 after 6 months, 1/3 after 12 months and 1/3 after 24 months, seller?s credit of NOK 50 million, due by June 30 2026, and NOK 100 million bank loan from SpareBank 1 SMN and SpareBank 1 SR-Bank. The transaction includes an earn-out of +/- 2x (EBIT2023-2025 ?

NOK 150 million), capped and floored at +NOK 100 million and -NOK 50 million, due by 30 June 2026 and 250,000 new options to be issued to Repstad management. The transaction values Repstad at NOK 315 million on a cash- and debt-free basis (NOK 455 million incl. leasing.

The transaction is subject to approval from The Norwegian Competition Authority and certain customary conditions. The transaction is expected to be completed by early December of 2023.