Oslo, May 15th 2023: Volue ASA (OSE: "VOLUE") has entered into an agreement to
purchase 100 per cent of Enerim Oy's wholesale division at a value of EUR 30
million settled in cash. The transaction involves a carve-out from Enerim Oy and
is expected to close on or about June 30th 2023. The transaction involves 63
full-time employees. 

Enerim Oy's wholesale division had EUR 9.8 million in revenues in 2022, EUR 2.3
million in EBITDA and 80% ARR. In 2022, the business unit delivered EBIT of
around 20% which will add to Volue's free cashflow going forward. The business
model is scalable and holds strong growth opportunities - especially in
renewable power generation. Enerim wholesale holds an attractive position in
wind as well as strong prospects in batteries and solar - all with a perfect fit
for the Volue platform. Merging this business with the Volue group will release
operational synergies, further accelerating profitable growth.

Enerim wholesale is a market leader in portfolio management of intermittent
renewables and third-party energy wholesale with 24/7 operation. The main
offering is physical and commercial trading for the customer, without financial
market risk. 

"Over the last year, we've seen the launch of The green deal industrial plan in
the EU and a war in Europe, with a subsequent energy crisis and accelerated
inflation. It is now clear that Europe's response to energy security is to
increase the push for renewables with 400GW of new solar and wind capacity
within 2030. This growth will mainly come from new entrants without large own
trading organisations to market the power. They need someone to provide them
with capabilities to maximise the yield of their assets. Volue will take on that
responsibility," says Trond Straume, CEO of Volue.

"Led by our strategy for growth, we've decided to take the leading position for
independent renewable players. Building on our proven technology, we'll address
this market segment with a software backed service. We will offer our
comprehensive and scalable SaaS platform as a transparent 24/7 service offering,
allowing new asset owners to participate in the market with the same
sophisticated tools as the incumbents, further enabling them to monetise the
volatile energy markets. This is why we are acquiring Enerim's wholesale
division. Combining this entity with our own capabilities we are becoming a
market leader for digital services in renewables with operations in Norway,
Sweden, Denmark, Finland and Germany from day one, with the ambition to continue
growing organically into additional European territories," continues Straume.

"As part of Volue, we will gain access to a platform for growth well suited to
scale our offering. Joining forces with Volue is an acknowledgment of the
success we have had expanding our business, serving a wide range of clients,
especially in the renewable energy sector. Together we will be a clear market
leader and have the best software and solutions to support our clients in
flexible energy markets in the coming years." says Tomi Pesonen, Director
Wholesale Markets business at Enerim Oy. 

For further information, please contact: 

Arnstein Kjesbu, Chief Financial Officer, Volue +47 970 47 699,
Arnstein.kjesbu@volue.com
Jacob Zeno Clausen Krøvel, Head of Investor Relations, Volue +47 484 03 225,
Jacob.krovel@volue.com

About Volue | www.volue.com
Volue is a market leader in technologies and services that power the green
transition. Based on 50 years of experience, Volue provides innovative
solutions, systems and insights to industries critical to society. Over 770
employees work with around 2,500 customers across energy, power grid, water and
infrastructure projects that ensure a sustainable, flexible and reliable future.
The company is headquartered in Oslo, Norway and active in 40+ countries.