EQVA: Acquisition of Einar Øgrey Farsund closed

8 June 2026: Reference is made to the stock exchange notice by EQVA ASA (the “Company”) published on 2 February 2026 regarding the acquisition of Einar Øgrey Farsund AS (“EØF”). The transaction has now been closed.

The consideration is settled with a combination of EQVA shares, a cash component and a conditional earn-out.

The cash portion of the Closing Payment, equal to NOK 38,957,545 (representing two thirds of the agreed Closing Payment of NOK 58,436,317), has been settled in cash. The cash component is financed by the Company’s acquisition financing under the bond loan.

The share consideration, representing the remaining one third of the Closing Payment, is expected to be issued within the end of June 2026. The Closing Payment will be subject to customary post-closing adjustments based on final closing accounts, which will be settled two thirds in cash and one third in shares, in accordance with the share purchase agreement.

The share consideration will be settled by the issuance of new shares in EQVA ASA (the “Consideration Shares”) to the seller at a subscription price determined in accordance with the agreed VWAP-based pricing mechanism set out in the share purchase agreement. The Consideration shares will be subject to a lock-up period, with 50 percent of the Consideration Shares being released after 12 and 24 months from the date of completion of the acquisition, respectively. The Consideration Shares will be listed on the Oslo Stock Exchange.

The performance-based earn-out is linked to achieved EBITDA for the financial years 2026 and 2027, and shall in any event not exceed NOK 60 million. The earn-out will be settled 50 percent in cash and 50 percent in shares of EQVA ASA.

About Einar Øgrey Farsund

Einar Øgrey Farsund is a well-established company on the Southern coast of Norway, offering engineering and design, mechanical fabrication, installation, and maintenance of mechanical structures and machinery, as well as specialist expertise in certification and inspection of lifting equipment, non-destructive testing (NDT), and 3D modelling and scanning. The company will continue to operate under its established brand as part of the EQVA Group.

For further information, please contact Olav Hilmar Koløy, CEO EQVA, +47 911 58 829 Daniel Hjertaker Molvik, CFO EQVA, +47 952 26 991

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.