BEWI ASA – Mandatory notifications of trades and Flagging

Reference is made to the successfully completed private placement of shares in BEWI ASA, as announced in the stock exchange announcements earlier today, 6 May 2021 (the "Private Placement").

Frøya Invest AS, related party to Christian Bekken, CEO and defined as a person discharging managerial responsibilities (PDMR) of BEWI ASA, has today been allocated 2,393,232 shares at NOK 28.30 per share in the Private Placement.

Following the Private Placement, Frøya Invest AS will hold 84,501,058 shares in BEWI ASA, equal to approximately 54,35 per cent of the outstanding shares following the issue of the new shares in the Private Placement.

Verdane SKULD 1 AS, related party to Per Rosenmüller Nordlander, board member and defined as a person discharging managerial responsibilities (PDMR) of BEWI ASA, has today sold 836,042 shares at NOK 28.30 per share in the Private Placement.

Verdane ETF III SPV K/S, related party to Per Rosenmüller Nordlander, board member and defined as a person discharging managerial responsibilities (PDMR) of BEWI ASA, has today sold 930,742 shares at NOK 28.30 per share in the Private Placement.

Verdane SKULD 1 AS and Verdane ETF III K/S are both managed by Verdane Capital. The combined holding of the two funds has been reduced from 22,500,000 shares, representing 15.16 per cent of the outstanding shares, to 20,733,216, representing 13.34 per cent of the shares following the issue and sale of the new shares in the Private Placement. As such, the sale of shares and issuance of new shares in the Private Placement has led to a crossing of the threshold of 15 per cent, with reference to the Securities Trading Act section 4-2.

Attached are forms with further details about the transactions completed by the relevant related parties.

For further information, please 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.

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 22:45 CEST on 6 May 2021