NORCOD AS: NEW SHARE CAPITAL REGISTERED

Reference is made to the stock exchange notice from Norcod AS (the “Company”) on 27 November 2025 regarding the successful completion of a private placement of 12,707,454 new shares in the Company at a subscription price of NOK 12.375 per share, raising gross proceeds totalling NOK 157,254,750 (the “Private Placement”).

The share capital increase pertaining to the issuance of the new shares under the Private Placement has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following this, the Company's registered share capital is NOK 35,183,513.5 divided into 70,367,027 shares, each with a nominal value of NOK 0.50.

For additional information, please contact:

Christian Riber, CEO Tel: +47 905 37 990, E-mail: [email protected]

Stian Vollan-Hansen, CFO Tel: +47 481 78 846, E-mail: [email protected]