Kaldvik (KLDVK) Investor Presentation summary

Presentation of involved parties

• Transaction involves Kaldvik AS, Heimstø AS, and Osval ehf, with a negotiation committee and external advisors from Pareto Securities, AGP Advokater, Deloitte, and KPMG.

• Heimstø and Osnes are advised by ABG Sundal Collier and Advokatfirmaet Thommessen; Wiersholm acts as independent legal advisor to the board.

Transaction timeline

• Board member eligibility assessment and ongoing negotiations began in June–July 2024.

• Letter of intent and due diligence occurred in fall 2024, with transaction agreements negotiated by December 2024.

• Offer received and signing completed by February 2025; transaction completion expected in Q1 2025.

Board member eligibility

• Independent legal assessment in July 2024 determined all board members except Lars Måsøval were eligible to participate in the transaction.