2 October 2023 - Swedish marine infrastructure company Marcon-Gruppen i Sverige
AB ("Marcon") - a wholly owned subsidiary of Endúr ASA - has entered into an
agreement to acquire 100% of the shares in Svenska Tungdykargruppen AB ("STDG")
from Storskogen Group AB. STDG is a marine infrastructure company, located in
Mora, Sweden, specialized within diving and dredging operations. 

The primary purpose of the acquisition is to meet an increasing demand and
secure increased capacities for Marcon's existing and highly profitable service
offerings.

"We have cooperated with STDG for many years and are highly familiar with the
specialist competence they possess, their attractive asset base and skillful
workers. We believe that we can significantly increase the utilization rate of
these assets by making them part of Marcon's wider group offering, thereby
improving the revenue and earnings potential of the joint business," says Jörn
Ryberg, Chairman of the Board at Marcon.  

STDG earned revenues of approximately SEK 40 million in 2022 (estimated revenues
in 2023 in range of SEK 40-50 million) and owns and operates several dredges and
tugboats. The acquisition will be settled in cash in its entirety, with no
external financing.

Marcon is a market leader within marine infrastructure in Sweden. The company
performs a range of services connected to marine infrastructure construction and
marine services, as well as other adjacent services including hydrographical
services, dredging, rentals, inspections and diving.

(ENDS)

For further information, please contact:

Media
Jeppe Raaholt, CEO of Endúr, tel.: +47 976 69 759

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

About Endúr ASA
Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance
projects and services for marine infrastructure, including facilities for
land-based aquaculture, quays, harbours, dams, bridges and other specialized
concrete and steel projects. The company and its subsidiaries also offer a wide
range of other specialized project and marine services. Endúr ASA is
headquartered in Lysaker, Norway. See www.endur.no.