Major Shareholder Announcement

Company Release no. 17/2025

Copenhagen, Denmark, 4 February 2025

Pursuant to Section 30 of the Consolidated Act no. 198 of 26 February 2024 on capital markets, as amended, Penneo A/S hereby announces that on 4 February 2025, Penneo A/S was informed that as of 3 February 2025, Erik Fjellvær Hagen no longer indirectly holds, and Viking Venture 29 AS no longer directly holds any shares or voting rights in Penneo A/S. Viking Venture 29 AS is controlled by Erik Fjellvær Hagen.