ABGSC is acting as Elektroimportøren’s financial adviser in connection with Brødrene A. & O. Johansen’s recommended voluntary cash offer

On 3 July 2026, Brødrene A. & O. Johansen A/S (“AOJ” or the “Offeror”) announced a recommended voluntary cash offer to acquire all issued and outstanding shares in Elektroimportøren AS (“Elektroimportøren” or the “Company”) at an offer price of NOK 22 per share in cash. The offer values Elektroimportøren’s total share capital at approximately NOK 1.1 billion and represents a premium of approximately 57% to the Company’s closing share price of NOK 14.00 on 2 July 2026, the last unaffected trading day.

Elektroimportøren is a fully integrated omnichannel retailer of electrical equipment, serving both private and professional customers across Norway and Sweden. The Company controls the entire value chain, from product development and sourcing under its proprietary brands to distribution through owned stores and e-commerce and the delivery of installation services through certified professionals, and generated revenue of approximately NOK 1.8 billion in 2025. Its shares are admitted to trading on Euronext Growth Oslo under the ticker “ELIMP”.

The Board of Directors of Elektroimportøren has unanimously resolved to recommend that the Company’s shareholders accept the offer. The recommendation follows the execution of a transaction agreement between Elektroimportøren and AOJ governing the terms of the recommended transaction. Shareholders representing approximately 46.65% of the Company’s share capital have undertaken to accept the offer. Completion of the offer is subject certain customary conditions being satisfied or waived, including a 90% minimum acceptance level and required regulatory approvals, and is expected during the third quarter of 2026.

We appreciate the trust placed in us by the Company and have highly valued our collaboration over the past years, including our role as adviser in connection with Elektroimportøren’s IPO on Euronext Growth Oslo in 2020.