NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA OR JAPAN.
12 March 2026: Kite Lake Capital Management (UK) LLP ("Kite Lake") and Dolomite
Capital Advisors LLP (formerly known as Taconic Capital Advisors UK LLP)
("Dolomite", and together with Kite Lake, the "Sellers") have today sold a
combined 2,123,387 shares in BlueNord ASA (the "Company"), representing 8.3% of
the share capital in the Company, at a price of NOK 554 per share for a total
transaction size of NOK 1,176 million (the "Transaction"). 287,298 shares were
sold by Kite Lake and 1,836,089 shares were sold by Dolomite, representing 13.5%
and 86.5% of the total Transaction, respectively.
Kite Lake has communicated that its remaining position represents a natural
holding and that it has no current intention of soliciting any further
structured sales processes.
Following completion of the Transaction, each of the Sellers will cross
notifiable holdings thresholds set out in section 4-2 of the Norwegian
Securities Trading Act, as specified below:
· Kite Lake's holding of shares and votes in the Company will decrease from
1,537,298 to 1,250,000, representing approximately 4.9% of the outstanding
shares in the Company, and accordingly cross below the notifiable holdings
threshold of 5%