Northern Ocean targets up to 10,116,249-share subsequent offering at NOK 6.50 per share

• Northern Ocean outlined terms for a potential follow-on share sale at the same price as its recently completed private placement.
• Deal size set at up to 10,116,249 new shares, priced at NOK 6.50 each.
• Eligibility tied to shareholders of record as of Oct. 6, 2026, subject to applicable securities-law constraints.
• Board may drop the offering if shares trade below NOK 6.50 on sufficient volume following the private placement.
• Ex-date set for Oct. 7, 2026; record date Oct. 8, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern Ocean Ltd. published the original content used to generate this news brief via NewsWeb, the disclosure sustem operated by Euronext Oslo (Ref. ID: 202610070144OSLOBORSNEWS__EN_A1A5B25D7C4F828A7725C5E83A835D2), on October 07, 2026, and is solely responsible for the information contained therein.