14.2.2025 08:13:46 CET | Green Minerals AS | Non-regulatory press releases

Oslo, Norway - 14 February 2025 - Oslo Tingrett has announced a verdict in the
lawsuit WWF filed against the Norwegian State for the opening decision for
mineral activities on the Norwegian continental shelf. WWF claims that the State
is violating the Seabed Minerals Act §2-2 and that the opening decision made by
the Storting with an 80/20 majority on 9 January 2024 is invalid.

Oslo TingrettŽs verdict is in the favour of the State.

Green Minerals is pleased with the verdict in Oslo Tingrett. The company will
continue to work towards the first licensing round and expected awards in
2Q/2026 and will in due time also prepare the necessary project-specific impact
assessment demonstrating that seabed mining can be done in a sustainable and
responsible manner

DISCLOSURE REGULATION

This information is subject to the disclosure requirements in article 19 of the
Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading
Act.

CONTACTS

 * Øivind Dahl-Stamnes, CEO, Green Minerals AS, +47 952 11 986,
   oivind.dahlstamnes@greenminerals.no 

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848272/18422910/5631/Download%20announce
ment%20as%20PDF.pdf