BEWI – Approval and publication of a prospectus supplement

Reference is made to the stock market announcement published by BEWI ASA (“BEWI” or the “Company”) on October 1, 2021, October 15, 2021and July 1, 2022 regarding the acquisition by the Company of Jackon Holding AS (“Jackon”) (the “Jackon Transaction”). Reference is also made to the stock exchange announcement of the February 21, 2021 regarding the approval and publication of a prospectus prepared by BEWI for the listing of the consideration shares to be issued in connection with the closing of the acquisition by the Company of Jack (the “Prospectus”).

The Financial Supervisory Authority of Norway (Nw.: Finanstilsynet) today approved a dated prospectus supplement October 14, 2022 (the “Prospectus Supplement”) to the Prospectus. The Prospectus Supplement has been prepared in part because of the publication of audited financial statements as of and for the year ended December 31, 2021 for BEWI and Jackin addition to interim financial information for the first half of 2022, as well as other events that have occurred in BEWI since the date of the Prospectus to ensure that the Prospectus is sufficiently up to date to form the basis for the listing of the consideration shares to be issued in in connection with the closing of the acquisition of Jack.

The Prospectus Supplement has been prepared as a prospectus supplement pursuant to Article 23 of the EU Prospectus Regulation (Regulation (EU) 2017/1129 of European Parliament and the Council of June 14, 2017 and auxiliary regulations), as implemented under Norwegian law. The information contained in the Prospectus Supplement should be considered to form part of the Prospectus and should be read in conjunction with it. The Prospectus is available, and the Prospectus Supplement will be made available, on the Company’s website at https://bewi.com/investors/reports-presentations. Printed copies of the Prospectus Supplement may be obtained free of charge at the registered office of the Company at Hammarvikringen 64, 7263 Hamarvik, Frøya, Norway.

As communicated in the stock exchange press release published on October 12, 2022BEWI has received final approvals from all relevant competition authorities to proceed with the closing of the Jackon Transaction.

Contact:

Charlotte KnudsenDirector IR and Communications BEWI ASA, tel. : +47 9756 1959

About BEWI ASA

BEWI is an international supplier of insulation packaging, components and solutions. The company’s commitment to sustainability is integrated throughout the value chain, from the production of raw materials and end products to the recycling of used products. With a vision to protect people and property for a better daily life, BEWI leads the change towards a circular economy.

BEWI ASA is listed on the Oslo Børs under the symbol BEWI.

This information is subject to the disclosure requirements in accordance with section 5 -12 of the Norwegian Securities Act.

https://news.cision.com/bewi-asa/r/bewi—approval-and-publication-of-a-prospectus-supplement,c3648429

https://mb.cision.com/Public/19971/3648429/a1dd267b232f28c7.pdf

(c) Decision 2022. All rights reserved., sources Press Releases – English

Jacob L. Thornton