Green Transition Holding AS (‘GTH’ or the ‘Company’) is pleased to announce that a Private Placement (the ‘Private Placement’) has been successfully placed, through an allocation of 1.247.000 of new shares in the Company (the ‘Offer Shares’) at a subscription price of NOK 25 per Offer Share, for gross proceeds of NOK 31 million.

Pareto Securities AS have acted as advisor in connection with the Private Placement.

The net proceeds from the Private Placement will be applied used for investments in sales & marketing, working capital and equity in new projects, as well as for general corporate purposes.

Following registration of the share capital increase pertaining to the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a registered share capital of NOK 140.018,27 divided into 14.001.827 shares, each with a nominal value of NOK 0,01. The market capitalization of GTH following the Private Placement will be approximately NOK 350 million at the subscription price.