Protector analysis presentation  by Hvaler Invest

Dear all,

Thank you to everyone who joined today’s Protector analysis presentation. We had more than 100 participants, and I truly appreciate your time and engagement.

Please find the presentation attached in PDF format.
You will also find the recording of the Teams meeting attached for those who would like to review it.

If you have any follow-up questions or would like to discuss any of the topics in more detail, please feel free to reach out.

Thank you again for your time and interest.

Disclaimer: Hvaler Invest is a significant shareholder so you cannot trust us (or perhaps you can?

Best regards,
David and Sverre

Hvaler Invest AS
Lillestrøm, Norway
24.02.26