27th of December 2023: Kontrari AS, a company controlled by Frode Teigen, has
today purchased 55,513,105 shares in Borgestad ASA (the "Company") at a price of
NOK 0.26 per share. Kontrari AS is represented in the Company's board of
directors by Jan Erik Sivertsen. After the transaction, Kontrari AS will
increase its ownership to 380,513,105 shares in the Company, equivalent to an
increase from approximately 23.17% to approximately 27.13% of the votes and
share capital in the Company. Neither Kontrari AS nor any other companies
consolidated with Frode Teigen have any other rights to shares in the Company.
This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
sections 4-2 and 5-12.