BlueNord ASA - Mandatory notification of trade

Oslo, 23 November 2023: Funds managed by Kite Lake Capital Management (UK) LLP ("Kite Lake"), close associate of Jan Lernout, a member of the board of directors of BlueNord ASA ("BlueNord" or the "Company"), has on 23 November 2023 sold 300,000 shares in the Company at a price of NOK 510.00 per share. Following the transaction, Kite Lake holds a total of 4,716,758 shares in the Company, equivalent to approximately 18% of the Company's shares, excluding ownership in outstanding convertible bonds issued by BlueNord. Please see attached notification form in accordance with the Market Abuse Regulation article 19.

This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and Section 5 -12 the Norwegian Securities Trading Act.

***