Notice of extraordinary general meeting

Norsk Renewables AS: Notice of extraordinary general meeting

Stavanger, 22 February 2024: Reference is made to the stock exchange announcements published on 15 February 2024 regarding the successful private placement of new shares (the "Private Placement") in Norsk Renewables AS (the "Company").

An extraordinary general meeting of the Company will be held on 2 April 2024 at 10:00 hours (CEST). The notice of the extraordinary general meeting is enclosed and will also be made available at www.norskrenewables.com.

The extraordinary general meeting will consider the proposals by the Board of Directors (i) to increase the share capital of the Company with 1,208,952.99 by the issuance of 120,895,299 new shares at a subscription price of NOK 0.30 per share pertaining to the Private Placement and (ii) to grant the Board of Directors with an authorization to increase the Company’s share capital by up to NOK 232,000 through the issue of up to 23,200,000 new shares at a subscription price of NOK 0.30 per share to facilitate a subsequent offering.

Shareholders who wish to attend the meeting must notify this by submitting the registration form attached to the notice by 29 March 2024 at 10:00 hours (CET).

All shareholders are encouraged to vote in advance through VPS or to grant a power of attorney to the chairman of the board prior to the extraordinary general meeting.

For further information, please contact:

Ingrid Sara Grimstad Amundsgård

EVP Sustainability, HSE, Communications & Investor Relations

ingrid.sara@norskrenewables.com

+ 47 90135533

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

About the company: Norsk Renewables is a vertically integrated independent power producer with approximately 100 MW of solar power in operation or under construction, combined with a 1 GW secured portfolio under development. Expanding commercial offerings with wind and storage projects is in line with the company`s strategy to replace consumers' energy consumption with 100% renewable power.