Reference is made to announcement on 9 March 2022 regarding Pandion Energy AS acquiring the shares of ONE-Dyas Norge AS from ONE-Dyas Holding B.V., and the completion of the transaction announced on 30 June 2022 where ONE-Dyas Norge AS became a wholly owned subsidiary of Pandion Energy AS.

The transfer was approved by the Ministry of Petroleum and Energy (“MPE”) on the condition that the two companies shall be merged. ONE-Dyas Norge AS’ name was later changed to Pandion Energy Norge AS. The merger between Pandion Energy AS and Pandion Energy Norge AS was approved by the MPE 14 October 2022 and was completed on 1 November 2022 with Pandion Energy AS as the surviving entity.