Bewi Enters Agreement To Acquire 80% Of Aislenvas

Bewi ASA BEWI:

• BEWI ANNOUNCES ACQUISITION OF SPANISH INSULATION COMPANY AISLENVAS

• HAS ENTERED AN AGREEMENT FOR ACQUISITION OF 80 PER CENT OF SPANISH INSULATION COMPANY AISLAMIENTOS Y ENVASES, S.L.

• ACQUISITION IS CONDITIONAL UPON CUSTOMARY CONDITIONS AND CLOSING IS EXPECTED TO TAKE PLACE IN Q4 OF 2022

• FOR 2021, AISLENVAS HAD REVENUES OF APPROXIMATELY EUR 16 MILLION, WITH AN EBITDA OF EUR 3.5 MILLION