BEWI - Changes to timing of announced dividend

Reference is made to the stock exchange notice by BEWI ASA (BEWI or the Company) on 8 March 2022 with key information on a proposed dividend of NOK 1.10 per share for the financial year of 2021 (the Initial Notice).

As set out in item 5 of the notice of the annual general meeting (the AGM) published earlier today, the board of directors has resolved to propose that the AGM authorizes the board to resolve the distribution of a dividend in the same amount (NOK 1.10 per share). The proposed authorization replaces the board's former resolution and key dates as set out in the Initial Notice.

The basis for the new proposal is to give the board flexibility to resolve the dividend distribution after completion of BEWI's offer to acquire all shares in Jackon Holding AS (the Jackon Offer), please see the stock exchange notice of 1 October 2021 and the prospectus dated 21 February 2022 which is available on https://bewi.com/investors/reports-presentations. As set out in the notice of the AGM, the board expects to make use of the authorization after completion of the Jackon Offer.

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 section 5-12 of the Norwegian Securities Trading Act and the Oslo Rule Book II.