NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION. With reference to the authorization given by the AGM ofTreasure ASA ("the Company") on15 March 2022 for the company to acquire up to 10% of outstanding shares in the Company valid until the AGM in 2023, the Company hereby launches an offer to all shareholders in the Company to buy back up to 6.000.000 shares inTreasure ASA (the "Transaction"). The Company is at the release of the offer not in possession of material non-public information neither regarding the Company itself nor the main asset on the Company's balance sheet. The offer will be carried out by means of a book building process with a bid price ofNOK 16,50 per share, standard commissions to apply. The Company is of the opinion that the bid price is warranted by the relative large size of the offering compared to average traded daily volume, current market conditions and the overall low liquidity in the shares. The purpose of the buy-back is to reduce the company's share count. The book building starts on5 September 2022 10:00 and ends on8 September 2022 at 16:30. The Company has mandatedSkandinaviska Enskilda Banken AB (publ)Oslo Branch ("SEB") andNordea Bank Abp, Filial I Norge ("Nordea") as bookrunners and shareholders wanting to sell shares can contact SEB at +47 22 82 72 49 or Nordea at +47 24 01 06 42. The Company will - in the event of receiving acceptances above 6.000.000 shares - allocate shares with the equal treatment of the shareholders as the primary objective. Pricing and allocation will follow before 18:00 on 8 September, the trade date will be 8 September with settlement date12 September 2022 . Allocation is subject to customary KYC and AML regulations. For further information, please contact:Magnus Sande , CEO at +47 915 55 051. For further information, please contact:Thomas Finnema , CFO at +47 481 55 159. The Company reserve the right, at their own discretion, to acquire fewer or no shares at all in the Transaction. The information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Neither Nordea nor SEB will not regard any other person (whether or not a recipient of this document) as a client in relation to the Transaction and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for the giving of advice in relation to the Transaction or any other transaction, matter or arrangement referred to in this document. The Offer and the distribution of this announcement and other information in connection with the offer may be restricted by law in certain jurisdictions. The Company does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. The offer is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of,the United States of America , its territories and possessions, anyState of the United States and theDistrict of Columbia (the "United States "). This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or intothe United States and so doing may invalidate any purported acceptance.
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