The Board of Directors of Endúr ASA ("The Company") has resolved to initiate a
share buy-back program. The share buy-back program will be executed in
accordance with the authorization granted to the Board of Directors by the
Annual General Meeting of The Company held on May 23 2023. The program will be
used for corporate purposes in accordance with the above-mentioned
authorization.

The share buy-back program covers purchases of up to 1,629,741 shares, and the
maximum amount paid under the program shall be NOK 50 million. The buy-back
program is expected to commence in March 2024 and is planned to be finalized
within February 28th 2026, at the latest.
 
The Company has a sound financial position after its refinancing in Q1 2023 and
a strong order backlog, and expects a strong cash conversion and further
deleveraging throughout 2024 and 2025. The board is of the opinion that
utilizing a portion of available liquidity for a share buy-back program would be
in the best interest of The Company's shareholders. The shares bought under this
program will be held for treasury and may subsequently be used for general
corporate purposes, such as, but not limited to, consideration shares related to
future M&A activities.

The share buy-back program will be managed by an independent financial
investment firm, which will make its trading decisions regarding the timing of
the share repurchases independently of, and without influence by, The Company.

DISCLOSURE REGULATION

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

For further information, please contact:

Media - Jeppe Raaholt, CEO of Endúr ASA, tel.: +47 976 69 759
Investors - Einar Olsen, CFO of Endúr ASA, 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 specialised
concrete and steel projects. The company and its subsidiaries also offer a wide
range of other specialised project and marine services. Endúr ASA is
headquartered in Lysaker, Norway. See www.endur.no.