BEWI – Exercise of options under share option programme, share capital increase and mandatory notifications of trade

Following the exercise of share options by option holders under BEWI ASA's (BEWI or the Company) share option programme, the board of directors has resolved to increase the Company's share capital by NOK 429,000, by the issuance of 429,000 new shares at a subscription price of NOK 24.06 per share (the Subscription Price), by use of the authorisation granted by the general meeting on 16 November 2020.

After the issuance of the new shares, the Company's share capital will be NOK 157,039,804, divided into 157,039,804 shares, each with a par value of NOK 1.00. By the share capital increase, BEWI has increased the total number of shares by approximately 0.27 per cent.

The following persons discharging managerial responsibilities (PDMRs) in the Company have exercised options under the share option programme at a strike price equivalent to the Subscription Price:

(i) Christian Bekken, CEO, has exercised 50,000 options;

(ii) Jonas Siljeskär, COO, has exercised 50,000 options;

(iii) Petra Brantmark, General Counsel, has exercised 25,000 options; and

(iv) Charlotte Knudsen, Director of IR and Communications has exercised 25,000 options.

See the attached forms for further details about the transactions.

Jonas Siljeskär and Petra Brantmark have transferred their rights to receive the new shares to a third party in return for a net sales proceed which will be finally determined on the basis of the market price subsequently obtained by the third party. The results of the sales process will be announced in a separate stock exchange notice.

The exercised options have been granted in accordance with the Company's share option programme described in the Company's latest annual financial statements.

Contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756 1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

This information is published in accordance with the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3, section 5-12 of the Norwegian Securities Trading Act, and the Oslo Rule Book II.