Elektroimportøren AS: Compulsory acquisition of shares in Elektroimportøren AS

Reference is made to the stock exchange announcement published on 3 July 2026 regarding the recommended voluntary cash offer (the “Offer”) by Brødrene A. & O. Johansen A/S (the “Offeror”) to acquire all issued and outstanding shares (the “Shares”) in Elektroimportøren AS (the “Company”) at a cash consideration of NOK 22.00 per Share (the “Offer Price”), on the terms and conditions set out in the offer document dated 3 July 2026 (the “Offer Document”). Reference is further made to the stock exchange announcement published earlier today, on 26 August 2026 at 09:09 CEST, regarding the settlement of the Offer.

Following settlement of the Offer, the Offeror has acquired and holds a total of 46,999,087 Shares in the Company, representing approximately 92.6% of the issued share capital and voting rights in the Company on a fully diluted basis.

The board of directors of the Offeror has, effective from 16:30 CEST today, 26 August 2026, resolved to carry out a compulsory acquisition of all remaining Shares in the Company not already owned by the Offeror, pursuant to section 4-26 of the Norwegian Private Limited Liability Companies Act of 13 June 1997 No. 44 (the “Compulsory Acquisition”). As a consequence, the Offeror has assumed ownership of all Shares in the Company as of today.

The offered redemption amount in the Compulsory Acquisition is NOK 22.00 per Share, corresponding to the Offer Price (the “Redemption Amount”). The Offeror has transferred the aggregate Redemption Amount to a settlement account for onward distribution to the former shareholders as soon as practicable thereafter.

Settlement of the Redemption Amount is expected to take place as soon as practicable, and in any event no later than 31 August 2026. A separate notice regarding the Compulsory Acquisition will be sent to all former shareholders of the Company subject to the Compulsory Acquisition whose addresses are known. In addition, the Compulsory Acquisition will be announced through the electronic notice service of the Norwegian Register of Business Enterprises (Nw.: Brønnøysundregistrene).

Any objections to, or rejection of, the Redemption Amount must be received by the Offeror no later than 23:59 CEST on 26 October 2026. Former shareholders of the Company who do not object to, or reject, the offered Redemption Amount within this deadline will be deemed to have accepted the offered Redemption Amount. Objections or rejections will not affect the transfer of ownership of the Shares to the Offeror, but any objecting shareholder may request a judicial appraisal of the Redemption Amount in accordance with section 4-26 (2) paragraph of the Norwegian Private Limited Liability Companies Act.

Following the Compulsory Acquisition, the Offeror will apply for a delisting of the Shares from Euronext Growth Oslo. A separate stock exchange announcement will be published in this regard.

Advisors Arctic Securities AS is acting as financial advisor and receiving agent for the Offeror. Wikborg Rein Advokatfirma AS is acting as Norwegian legal advisor and Gorrissen Federspiel Advokatpartnerselskab is acting as Danish legal advisor for the Offeror. ABG Sundal Collier ASA is acting as financial advisor and Advokatfirmaet Wiersholm AS is acting as legal advisor for the Company.

Contacts For further information, please contact: Jørgen Wist, CFO, Elektroimportøren AS, jorgen@elektroimportoren.no Per Toelstang, CFO/Deputy CEO, Brødrene A. & O. Johansen A/S, pto@ao.dk

About Elektroimportøren Elektroimportøren AS is a specialist and fully integrated omnichannel player in the electrical equipment market, serving both private and professional customers across Norway and Sweden. The Company controls the entire value chain from product development and sourcing through its proprietary brands, to distribution through owned physical stores and e-commerce, and delivery of services and installations through certified professionals.

About Brødrene A. & O. Johansen A/S Brødrene A. & O. Johansen A/S is a Nordic distributor of technical installation materials, founded in 1914 and headquartered in Albertslund, Denmark. The Offeror employs around 1,000 people and operates across Denmark, Sweden and Norway. Its revenue for the financial year ended 31 December 2025 amounted to approximately DKK 6.1 billion. The Offeror's shares are admitted to trading on Nasdaq Copenhagen. The Offeror has a dual go-to-market model combining digital solutions with a physical presence and has completed more than ten acquisitions in recent years. The Offeror is firmly anchored by the founding Johansen family, which controls approximately 75% of the Offeror's voting rights.

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Important notice The terms and conditions of the Offer are governed by Norwegian law. The Offer is not subject to the take-over regime as stipulated by the Norwegian Securities Trading Act chapter 6, as the Shares are admitted to trading on Euronext Growth Oslo, which is not a regulated market. The Offer Document has not been reviewed or approved by the Norwegian Financial Supervisory Authority, Oslo Stock Exchange or any other regulatory authority.

The Offer, and the distribution of this announcement and other information in connection therewith, may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The Offer was not and will not be made directly or indirectly in any jurisdiction where either the Offer or participation therein is prohibited by applicable law including sanctions law, or where any registration or other requirements would apply in addition to those applicable under the laws of Norway or Denmark.

This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to acquire the Shares.

Arctic Securities AS is acting as financial advisor and receiving agent solely for the Offeror in connection with the Offer and will not be responsible to anyone other than the Offeror for providing the protections afforded to its clients or for providing advice in relation to the Offer.

Forward-looking statements This announcement, verbal statements made regarding the Offer and the Compulsory Acquisition and other information published by the Offeror or the Company may contain certain statements about the Company, the Offeror and their respective affiliates and businesses as well as the timing and procedures relating to the Offer and the Compulsory Acquisition that are or may be forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Offeror's and the Company's control, and are based on current beliefs and expectations about future events. Forward-looking statements are typically identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “will”, “could”, “should”, “intends”, “estimates”, “plans”, “assumes” or “anticipates” or the negative thereof or other variations thereon or comparable terminology. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Neither the Company nor the Offeror provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur. Any forward-looking statements made herein speak only as of the date they are made. The Company and the Offeror disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement other than as required by applicable law.

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