Endúr ASA – Pre-project contract award Artec Aqua VAQ

Endúr ASA (“Endúr”) is happy to announce that its wholly owned subsidiary, Artec Aqua VAQ AS (“Artec Aqua VAQ”), has been awarded a contract by the Gaia Salmon Holding AS (“Gaia Salmon”) bankruptcy estate for the engineering and planning phase of the modification and completion of Gaia Salmon’s land-based recirculating aquaculture system (RAS) facility at Træna, Norway. The scope includes a detailed condition assessment, identification and engineering of required rehabilitation measures, technical documentation, coordination of subcontractor quotations, definition of the scope of supply, and preparation of a complete cost estimate and overall schedule for the subsequent execution phase. The pre-project will commence immediately. The execution phase will be subject to Gaia Salmon’s final investment decision (“FID”), which is expected during the first quarter of 2027.

(ENDS)

For further information, please contact:

Media: Jeppe Raaholt, CEO of Endúr ASA, tel.: +47 976 69 759

Investors: Einar Olsen, CFO of Endúr ASA, tel.: +47 924 01 787

About Endúr ASA: Endúr ASA (XOSL: ENDUR) is a leading Scandinavian contractor headquartered in Lysaker and listed on the Oslo Stock Exchange. The company specializes in critical infrastructure, including bridges, quays, tunnels, and dams. Operating as a disciplined serial acquirer (compounder), the group utilizes a decentralized model that grants subsidiaries high autonomy to preserve their technical expertise and local market positions. Endúr drives long-term value through strategic platform acquisitions and targeted bolt-ons in fragmented niche markets.