BEWI – Shareholder disclosure notification

Reference is made to the stock exchange announcement by BEWI ASA on 3 October 2021 and 15 October 2021 regarding acquisition of 100 per cent of the shares in Jackon Holding AS (the "Transaction"). As partial consideration in the Transaction, BEWI will issue 32,070,000 consideration shares to HAAS AS. As communicated in the stock exchange announcement by BEWI today, 12 October 2022, the Transaction has been approved by the Norwegian Competition Authorities and there are no other outstanding conditions to complete the Transaction.

Following issuance of the consideration shares upon completion of the Transaction, BEWI's share capital will be NOK 191,347,992, divided between 191,347,992 shares. HAAS' ownership will be 32,070,000 shares and no rights to shares, representing approximately 16.76 per cent of the total number of outstanding shares and votes in BEWI.

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 notification is made pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.