Endúr ASA - Contract award Totalbetong

Reference is made to the stock exchange notice published on 10 December 2025, announcing Totalbetong being set up for exclusive negotiations regarding the construction of a sizeable new office building.

Endúr ASA (“Endúr”) is happy to announce that its wholly owned subsidiary, Total Betong AS (“Totalbetong”), has now been awarded the turnkey contract for the construction of "Trivium," a landmark office building located in Paradis, Stavanger. The project is developed by K2 Stavanger in partnership with Bane NOR Eiendom. The building will serve as the headquarters for sole tenant Vår Energi, and the contract has a total value of approximately NOK 1.25 billion.

Design and engineering will commence immediately, with on-site construction scheduled to take place from Q3 in 2026. The project is set to be completed by the end of Q1 in 2029. The project comprises a modern, future-oriented, commercial building of approximately 35,000 square meters, with capacity for around 1,500 employees.

"We greatly appreciate the trust placed in us to deliver this project. This development aligns perfectly with our portfolio. We are well-positioned for projects of this scale and have the capacity to manage several large scale assignments in parallel. By being closely involved during the development and bidding phases, we have collaborated with the client and advisors to engineer solutions that ensure high quality and efficient execution. This creates a solid foundation as we move into the next phase of the project", says Olav Bang-Haagensen, General Manager of Totalbetong.

(ENDS)

For further information, please contact:

Media Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759 Olav Bang-Haagensen, General Manager of Totalbetong, tel: +47 402 01 531

Investors Einar Olsen, CFO of Endúr, 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.