NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, HONG
KONG, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. 

Oslo, 16 January 2026 at 16:00 (CET). 

Reference is made to the stock exchange announcement published on 19 December
2025 regarding the launch of a voluntary cash offer by Bidco Clover AS (the
"Bidder") for all issued and outstanding shares (the "Shares") in Spir Group ASA
(the "Company") not already directly or indirectly controlled by the Bidder at
an offer price of NOK 8.567 per share (the "Offer"), as further set out in the
offer document dated 18 December 2025 (the "Offer Document"). 

The initial offer period in the Offer expires on 16 January 2026 at 16:30 CET.
The Bidder hereby announces an extension of the offer period in the Offer until
30 January 2026 at 16:30 CET, subject to further extensions at the sole
discretion of the Bidder as further described in the Offer Document. The offer
period can be extended up to a total of ten weeks, with the latest possible
expiry date of the offer period being 27 February 2026.
 
The Bidder will provide an update on the status of received acceptances of the
Offer in a separate stock exchange announcement, which will be published by
09:00 (CET) on 19 January 2026.

Further, the Bidder has not identified any Regulatory Approvals and hereby
announces that it waives the Closing Condition related to Regulatory Approvals
(as defined in the Offer Document).

Settlement of the Offer will take place no later than twenty (20) business days
after the date which the Bidder has announced that the closing condition
"Minimum Acceptance" (as defined in the Offer Document) has been met or waived
by the Bidder, provided that the other Closing Conditions, as set out in Section
1.3 ("Closing Conditions") in the Offer Document, remain satisfied until
settlement or are waived by the Bidder. To the Bidder's knowledge, all of the
remaining closing conditions are currently satisfied.
 
All terms and conditions of the Offer as set out in the Offer Document (other
than the amendments made pursuant to this announcement) remain unchanged.
Subject to regulatory restrictions in certain jurisdictions, the Offer Document
is available at the following webpage: www.nordea.com/en/issuances and may be
obtained free of charge during ordinary business hours at the offices of the
receiving agent, Nordea Bank Abp, filial i Norge.

The Norwegian Financial Supervisory Authority, in its capacity as takeover
authority, has approved the extension of the offer period and reviewed this
stock exchange announcement.

Acceptances of the Offer already received will remain binding and there is no
need for shareholders that have already accepted the Offer to take any further
action to confirm their acceptances.

ADVISERS

Nordea Bank Abp, filial i Norge is acting as sole financial advisor and
receiving agent and AGP Advokater AS is acting as legal advisor to the Bidder.
Advokatfirmaet Simonsen Vogt Wiig AS is acting as legal advisor to the Company. 

MEDIA CONTACTS

Spir Group: Rolv Erik Ryssdal, Chairperson. Email: rolv.erik.r@gmail.com, Tel:
+47 91 60 02 00
Bidder: Christian Breddam, CEO Karbon Invest AS. Email:
Christian.breddam@karbon.no, Tel +47 93 94 93 93 

IMPORTANT INFORMATION 

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions.
When published, the Offer Document and related acceptance forms will not and may
not be distributed, forwarded or transmitted into or within any jurisdiction
where prohibited by applicable law, including, without limitation, Canada,
Australia, New Zealand, South Africa, Hong Kong, or any other jurisdiction in
which such would be unlawful. The Bidder does not assume any responsibility in
the event there is a violation by any person of such restrictions. Persons in
the United States should review "Notice to U.S. Holders" below. Persons into
whose possession this announcement or such other information should come are
required to inform themselves about and to observe any such restrictions. 

This announcement is for information purposes only and is not a tender offer
document and, as such, is not intended to constitute or form any part of an
offer or the solicitation of an offer to purchase, otherwise acquire, subscribe
for, sell or otherwise dispose of any securities, or the solicitation of any
vote or approval in any jurisdiction, pursuant to the Offer or otherwise.
Investors may accept the Offer only on the basis of the information provided in
the Offer Document. Offers will not be made directly or indirectly in any
jurisdiction where either an offer or participation therein is prohibited by
applicable law or where any tender offer document or registration or other
requirements would apply in addition to those undertaken in Norway. 

Notice to U.S. Holders

U.S. Holders (as defined below) are advised that the Shares are not listed on a
U.S. securities exchange and that the Company is not subject to the periodic
reporting requirements of the U.S. Securities Exchange Act of 1934, as amended
(the "U.S. Exchange Act"), and is not required to, and does not, file any
reports with the U.S. Securities and Exchange Commission (the "SEC") thereunder.
 
The Offer relates to shares of a Norwegian company listed and trading on the
Euronext Oslo Børs and is subject to the legal provisions of the Norwegian
Securities Trading Act regarding the implementation and disclosure requirements
for such an offer, which differ substantially from the corresponding legal
provisions of the U.S. The Offer will be made to holders of Shares resident in
the United States ("U.S. Holders") on the same terms and conditions as those
made to all other holders of Shares of the Company to whom an offer is made. Any
information documents, including the Offer Document, will be disseminated to
U.S. Holders on a basis comparable to the method that such documents are
provided to the Company's other Shareholders to whom an offer is made. The Offer
will be made by the Bidder and no one else. 

The Offer is made to U.S. Holders pursuant to Section 14(e) and Regulation 14E
under the U.S. Exchange Act, and otherwise in accordance with the requirements
of Norwegian law. Accordingly, the Offer is subject to disclosure and other
procedural requirements timetable, settlement procedures and timing of payments,
that are different from those that would be applicable under U.S. domestic
tender offer procedures and law. Furthermore, the payment and settlement
procedure with respect to the Offer will comply with the relevant rules of the
Norwegian Securities Trading Act, which differ from payment and settlement
procedures customary in the U.S.

Pursuant to an exemption from Rule 14e-5 under the U.S. Exchange Act, the Bidder
and its affiliates or brokers (acting as agents for the Bidder or its
affiliates, as applicable) may from time to time, and other than pursuant to the
Offer, directly or indirectly, purchase or arrange to purchase, Shares or any
securities that are convertible into, exchangeable for or exercisable for such
Shares outside the United States during the period in which the Offer remains
open for acceptance, so long as those acquisitions or arrangements comply with
applicable Norwegian law and practice and the provisions of such exemption. To
the extent information about such purchases or arrangements to purchase is made
public in Norway, such information will be disclosed by means of an English
language press release via an electronically operated information distribution
system in the United States or other means reasonably calculated to inform U.S.
Holders of such information. In addition, the financial advisors to the Bidder
may also engage in ordinary course trading activities in securities of the
Company, which may include purchases or arrangements to purchase such
securities.
 
Neither the SEC nor any securities supervisory authority of any state or other
jurisdiction in the United States has approved or disapproved the Offer or
reviewed it for its fairness, nor have the contents of the Offer Document or any
other documentation relating to the Offer been reviewed for accuracy,
completeness or fairness by the SEC or any securities supervisory authority in
the United States. Any representation to the contrary is a criminal offence in
the United States.