BEWI - Result of tender offer to acquire remaining shares in IZOBLOK

Reference is made to the stock exchange release dated 2 November 2021 about BEWI ASA`s tender offer to acquire remaining shares in the listed Polish company IZOBLOK Spólka Akcyjna (“IZOBLOK”), a leading European provider of Expanded Polypropylen (EPP) components to the automotive industry.

Under the tender offer, BEWI has received acceptances for a total of 121 870 shares at a price per share of PLN 50.41, amounting to a total consideration of approximately EUR 1 350 000. Settlement of the transaction is expected on or about 7 February 2022.

BEWI ASA will after this transaction (indirectly) own 64.28 per cent of the shares, corresponding to 73.21 per cent of the voting rights in IZOBLOK. As a result of the tender offer process IZOLBLOK will continue to be a listed company in Poland.

For further information, please contact:

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

Marie Danielsson, CFO BEWI ASA, tel: +46 70 661 0047

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.

The information is such that BEWI ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 19:00 CET on 31 January 2022.