Aqualis ASA: Initiates the process of re-listing to Euronext Growth Oslo

Reference is made to the stock exchange announcement by Aqualis ASA ("Aqualis"
or the "Company") on 27 May 2026 regarding, inter alia, the resolution by the
Company's annual general meeting to authorize the Company's board of directors
(the "Board") to apply for a transfer of the listing of the Company's shares
from Euronext Oslo Børs to Euronext Growth Oslo (the "Re-Listing"). The
authorization was conditional on the admission to trading on Euronext Growth
Oslo being carried out in a manner that preserves eligible shareholders' ability
to continue holding their shares in a share savings account (Nw.
aksjesparekonto). 

Following the Norwegian Government's confirmation in the National Budget
published on 7 October 2026 of its intention to make shares traded on Euronext
Growth Oslo eligible for inclusion in share savings accounts with effect from 1
January 2027, and receiving confirmation that existing shareholders may continue
holding their shares on their existing share savings account following a
transfer to Euronext Growth Oslo, the Board has resolved to initiate the
Re-Listing. 

The delisting application submitted today will be conditional upon Euronext Oslo
Børs approving the Company's application for admission to trading on Euronext
Growth Oslo, which is expected to be filed in the course of Q4 2026. Subject to
approval of the application of admission to trading by Euronext Oslo Børs, the
Company intends to complete the Re-Listing before year-end. 

The Board believes that Euronext Growth Oslo is a better fit for the Company at
its current size and stage of development. The regulatory framework of Euronext
Growth Oslo is tailored to growth companies and imposes requirements that are
proportionate to its operations. This is expected to reduce the costs and
administrative burden associated with the listing and allow management to devote
more resources to the Company's business. Shareholders will continue to benefit
from a transparent marketplace for their shares while retaining the opportunity
to hold their shares in a share savings account. 

The Company's shares will remain listed on Euronext Oslo Børs until all
conditions for the Re-Listing have been satisfied, and trading in the shares is
expected to continue without interruption until the first day of trading on
Euronext Growth Oslo. 

Further information about the Re-Listing, including the expected last day of
trading on Euronext Oslo Børs and the first day of trading on Euronext Growth
Oslo, will be announced in due course. 

For further information, please contact:

Investors and financial media:
Stuart Jackson, Chief Financial Officer, Aqualis ASA
Email: stuart.jackson@aqualis-group.com

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis
Aqualis (OSE: Aqualis ASA - ticker code "AQUA") is a leading independent global
consultancy delivering energy, marine, engineering and digital solutions to
drive safety and sustainability in renewables, maritime and oil and gas sectors.
The group has offices in 44 countries worldwide and operates under four main
brands: ABL, OWC, Longitude and AGR.
orldwide and operates under four main\
brands: ABL\, OWC\, Longitude and AGR.\