The Board of Directors of Nekkar ASA ("Nekkar" or the "Company") has resolved to renew the 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 Nekkar held on May 30, 2024. In accordance with said authorization, the shares acquired are intended to be used in connection with Nekkar's incentive programs for employees and board members, to be deleted by way of reducing Nekkar's share capital subject to any resolution by the Company's shareholder meeting or for other corporate purposes.

The share buy-back program covers purchase of up to 10,742,711 shares and the maximum amount of the program shall be NOK 100 million. Actual utilization within said limits will depend on several factors, such as trading volumes and other limitations under commission delegated regulation 2016/1052 (EU) on buy-back programs, and the number of shares actually bought may consequently be substantially lower. The buy-back program is expected to commence immediately and is planned finalized within May 30th, 2025 at the latest.

The share buy-back program will be managed by Pareto Securities, which will make its trading decisions regarding the timing of the share repurchases independently of, without influence by, and without access to sensitive information concerning, Nekkar.