Reference is made to the stock exchange announcement published by Borgestad ASA
(the "Company") on 3 June 2024 regarding the approval by the annual general
meeting of a reverse share split in the ratio of 1:40.
Kontrari AS has today transferred 605 shares to round up all fractional shares
to the nearest whole share in connection with the reverse share split. Kontrari
AS is represented on the Company's board of directors by Jan Erik Sivertsen.
Please see the attached notification form for further information.
This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
section 5-12.