BORGESTAD: Borgestad Asa - Signing Of Share Purchase Agreement For Sale-Leaseback Transaction For Production Facilities In Sweden

Lysaker, 7 October 2026: Reference is made to the stock exchange announcement by Borgestad ASA (the "Company" and, together with its consolidated subsidiaries, the "Group") published on 27 October 2023 regarding the conditional agreement entered into by the Company's indirect subsidiary Höganäs Bjuf Fastighets AB ("HBF") and Bjuv municipality for the sale and leaseback of two properties in Sweden, where the Group's production plant and other production facilities for refractory products are located (the "Transaction"). Reference is also made to the Company's subsequent stock exchange announcements regarding the approval of the Transaction by Bjuv municipality, most recently the announcement on 1 September 2026 regarding the decision from the Supreme Administrative Court to not grant leave to appeal. Under the conditional agreement, HBF and Bjuv municipality undertook to enter into the final transaction agreements as soon as possible following Bjuv municipality's approval of the Transaction had become final and binding, and the Transaction was conditional upon such binding approval. As this condition has been satisfied, HBF has today entered into a share purchase agreement with Bju