Horisont Energi AS acquires NOS Technology AS

Horisont Energi AS (“Horisont Energi”, ticker: HRGI) has entered into anagreement to acquire 100 percent of the shares in NOS Technology AS (“NOSTechnology”) for a total purchase price of NOK 27.5 million. The settlementwillbe made by issuing 19,642,859 new shares in Horisont Energi corresponding to aprice of NOK 1.40, which is 21 percent above the latest closing price.

The acquisition is a strategic move to strengthen Horisont Energi’stechnological and operational capacity. NOS Technology provides engineeringservices to the oil and gas industry and has expertise that both overlaps andcomplements Horisont Energi. NOS Technology is self-financed, and thetransaction will create a robust structure with its own financing capacity.

By acquiring NOS Technology, Horisont Energi will be better equipped toallocatenecessary resources to its own projects and at the same time be able togenerateincome from NOS Technology’s existing order book.

The work to develop Gismarvik CO2 Hub in Haugaland Næringspark, Norway, willcontinue unabated after the transaction, says Brita Holstad, CEO of thecompany.We expect the new grouping to yield positive results as early as 2026, shecontinues.

The company will call an extraordinary general meeting to be held on December5,2025.

This stock exchange release contains inside information that has been subjecttodeferred publication, in accordance with the Market Abuse Regulation (MAR).

For more information please contact:

Brita HolstadCEO+47 9518 4992bh@horisontenergi.com

Olav ØsthusStyreleder+47 9256 1494olav@brind.no

https://newsweb.oslobors.no/message/660269