13 May 2026 - BMO Entreprenør AS ("BMO"), a wholly owned subsidiary of Endúr ASA
("Endúr"), is happy to announce its planned acquisition of 100% of the shares of
Wimo AS ("Wimo" / "The Company"), through BMO Fjell AS ("BMO Fjell"), a company
under incorporation. Wimo, including its wholly owned subsidiaries, Wimo
Fjellsikring AS and Wimo Utleie AS, will operate as a subsidiary of BMO Fjell,
joining forces with Norsk Bergsikring AS ("NBS"), an existing subsidiary of BMO.

Wimo is a niche contractor and rockfall protection specialist, located in
Bergen, Norway. The Company provides rockfall and landslide protection, soil
stabilization and certain groundworks, operating both as main contractor and
sub-contractor, primarily under unit price contracts.

Key personnel, including General Manager, Anders Lindstad, hold minority
ownership stakes in The Company and will resume their current positions after
the completion of the transaction. With a solid regional presence in Bergen and
approx. 60 employees, The Company brings valuable resources and expertise to
complement BMO's and NBS's existing service offerings. Wimo will continue to
operate as an independent company, but in close partnership with NBS, under
joint ownership by BMO Fjell.

"This transaction significantly strengthens our capabilities and geographical
presence within a market niche where we already have proved to be highly
competitive", says Aleksander Rød, General Manager of BMO.

"Consolidation and collaboration with another proven rockfall protection and
infrastructure rehabilitation specialist, paves the way for continued profitable
growth, making this an optimal structure for all parties involved", says Anders
Lindstad, General Manager of Wimo.

The acquisition values Wimo at an enterprise value on cash- and debt-free basis,
excluding leasing liabilities ("EV") of NOK ~80 million. The Company expects to
report consolidated FY 2025 revenues of around NOK ~120 million, with a
consolidated operating result ("EBIT") of around NOK ~12 million (10%). In
addition to a sound strategic rationale, the acquisition will be highly
accretive with an implied EV/EBIT multiple of ~6.7x. The acquisition adds
approximately NOK ~100 million to Endúr's existing backlog.

The acquisition will be partly financed with a NOK 22.5 million seller's credit,
to be settled 18 months after closing. Key personnel and sellers, including
Anders Lindstad, will also receive considerations shares in Endúr of NOK 12
million, valued at the shares' volume weighted average price ("VWAP") on The
Oslo Stock Exhange for the last 15 trading days leading up to this announcement,
and also NOK 8 million of consideration shares in BMO Fjell. As part of the
transaction, BMO and the existing minority owners of NBS will transfer, in kind,
their shares in NBS to BMO Fjell. The consideration shares in BMO Fjell of NOK 8
million, price NBS at an equity value of NOK 100 million on 100% basis.

The consideration shares in Endúr will be subject to lock-up restrictions, being
released with 1/3 every 12 month after closing. The consideration shares in BMO
Fjell will be subject to adherence to the existing shareholders' agreement
entered into between BMO and the minority shareholders of NBS.

"BMO and NBS have demonstrated the ability to drive growth and create value,
both organically and through structural initiatives, making BMO Fjell an ideal
platform for this strategic investment. We look forward to following BMO Fjell,
containing both Wimo and NBS, in the years ahead", says Jeppe Raaholt, CEO of
Endúr.

A signed share purchase agreement is in place and the acquisition is expected to
close by the end of Q2 in 2026, with completion being subject to certain
customary conditions.

Arctic Securities and Advokatfirmaet Bull, respectively, acted as financial and
legal advisors to Endúr.

For further comments, contact:

Media:
Aleksander Rød, General Manager of BMO: +47 994 61 454
Jeppe Raaholt, CEO of Endúr: +47 976 69 759

Investors:
Einar Olsen, CFO of Endúr: +47 924 01 787

(ENDS)

About Endúr:
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.
al market positions. Endúr drives long-term value\
through strategic platform acquisitions and targeted bolt-ons in fragmented\
niche markets.\