SANDWATER FUND I AS

Organization

Chairman of the board: TM
Tom-Even Mortensen1965
Years since formation: 4 years; since Jul 28, 2021
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 51,005,002; 3 share classes
Total number of shareholders: 46; 40 companies, 6 persons
Belongs to group of

Financials

Annual total result 2024: -36,569,206; NOK
Total equity 2024: 668,600,063; NOK

Last update: Sep 5, 2025

Management

Board

Name	Role	Shares
TM Tom-Even Mortensen 1965	Chairman	-
TD Torkel Dyrbæk Engeness 1972	Board Member	-
ME Morten Erik Iversen 1971	Board Member	-
KM Kristian Melhuus 1981	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-
S STATEMENT AS	Accountant	-
P PERMIAN BUSINESS PARTNER AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
RK Reynir Kjær Indahl 1970	-	2.65 % indirectly
AM Anders Misund 1973	-	1.77 % indirectly
TL Tore Lærdal 1952	-	1.59 % indirectly
HK Hanne Kristin Lærdal 1976	-	1.23 % indirectly
IL Ingrid Lærdal 1983	-	1.23 % indirectly
JÅ Jon Åsmund Lærdal 1979	-	1.23 % indirectly
KK Karianne Klaveness Holmen 1978	-	1.06 % indirectly
TK Thomas Krage Svensen 1973	-	1.05 % indirectly

Last update: May 23, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
IF Investment Fund European	A-shares	14,768,184	28.95 %
SG Stockholm Global Private Equi Sixth	A-shares	7,203,992	14.12 %
L LAERDAL INVEST AS	A-shares	2,701,497	5.3 %
N NYSNØ KLIMAINVESTERINGER AS	A-shares	2,701,497	5.3 %
B BAGGINS AS	A-shares	2,701,497	5.3 %
C CANICA AS	A-shares	1,800,998	3.53 %
RP Real Performance Ag Tips	A-shares	1,800,998	3.53 %
IS Investments Spc Financial	A-shares	1,620,898	3.18 %
I INVESTIRE INVEST AS	A-shares	1,440,798	2.82 %
S SUMMEN AS	A-shares	1,350,749	2.65 %
K KM NEW ENERGY AS	A-shares	1,080,599	2.12 %
P POMOR NORWAY AS	A-shares	1,080,599	2.12 %
I INVESTINOR INDIREKTE II AS	A-shares	1,080,599	2.12 %
A AM HOLDING AS	A-shares	900,499	1.77 %
IS Investments Sl Andenes	A-shares	720,399	1.41 %
M MARIUS MASKE AS	A-shares	720,399	1.41 %
S STAVANGER KOMMUNE	A-shares	720,399	1.41 %
E EGD CAPITAL AS	A-shares	720,399	1.41 %
B BAY CAPITAL INVEST AS	A-shares	540,299	1.06 %
B BRYGGEKANTEN I HOLDING AS	A-shares	540,299	1.06 %
S SANDWATER CO-INVEST AS	A-shares	512,017	1 %
A ALBA AS	A-shares	432,240	0.85 %
A ALTEA AS	A-shares	360,200	0.71 %
B BYGGTEKNIKK PROSJEKT AS	A-shares	360,200	0.71 %
S STRØMSNES AS	A-shares	360,200	0.71 %
V VANIR GREEN INDUSTRIES 1 AS	A-shares	360,200	0.71 %
S SANDWATER CO-INVEST AS	Class B shares	355,659	0.7 %
B BRAVA INVEST AS	A-shares	252,140	0.49 %
S SYNO INVEST AS	A-shares	216,120	0.42 %
N NIAN AS	A-shares	180,100	0.35 %
T TIDSHIPS HOLDING AS	A-shares	180,100	0.35 %
K KRETI OG PLETI INVEST AS	A-shares	180,100	0.35 %
F FRATERNITAS INVEST AS	A-shares	180,099	0.35 %
S SANDWATER CO-INVEST AS	C-shares	152,425	0.3 %
L LOMME AS	A-shares	144,080	0.28 %
A ANGA KAPITAL AS	A-shares	90,050	0.18 %
H HACAPAR AS	A-shares	54,030	0.11 %
H HERMANE INVEST AS	A-shares	54,030	0.11 %
R R KAPITAL AS	A-shares	54,030	0.11 %
C CYP HOLDING AS	A-shares	54,030	0.11 %
H HEKKAN AS	A-shares	54,030	0.11 %
A AREA 42 AS	A-shares	54,030	0.11 %
W WEATEA AS	A-shares	54,030	0.11 %
H HEIMSTAD VENTURE AS	A-shares	43,224	0.08 %
C CLIMATEPOINT GREEN RIVER AS	A-shares	36,020	0.07 %
MF Matthias Frisch	A-shares	36,020	0.07 %

Shares owned by the SANDWATER FUND I AS

Name	Share class	Total number of shares	Share
S SANDWATER INVEST AS	Ordinary shares	30,000	100 %
C CYTO INVEST AS	Ordinary shares	294,638	12.71 %
G GRUNT AS	Ordinary shares	856,752	11.63 %
E EVYON AS	A-shares	30,119,756	9.26 %
N NOFENCE AS	Ordinary shares	230,615	8 %
A ANTEC BIOGAS AS	NO0011012460	24,782	7.65 %
X XERIS AS	NO0010873615	2,104,478	7.59 %
W WREPIT AS	A-shares	35,562	6.47 %
1 1X HOLDING AS	Preference shares	24,084	5.21 %
O OYSTER THERMAL AS	Ordinary shares	575,716	4.98 %
S SONDO FUND 1 AS	A-shares	1,800,000	1.28 %

Last update: Jun 2, 2025

Group structure

SANDWATER FUND I AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK -33,065,941
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Annual Total Result	-36,569,206	-67,408,193	-22,362,951	-109,605
Total assets	669,534,951	631,972,569	252,501,714	99,504,946
Total liabilities	934,887	211,803,300	27,827,550	2,714,591
Total equity	668,600,063	420,169,269	224,674,164	96,790,355

P&L

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Total operating costs	33,065,941	50,396,481	16,801,739	109,605
Operating result	-33,065,941	-50,396,481	-16,801,739	-109,605
Financial income/costs	-3,503,264	-17,011,712	-5,561,212	0
Profit before tax	-36,569,206	-67,408,193	-22,362,951	-109,605
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-36,569,206	-67,408,193	-22,362,951	-109,605

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	606,102,942	382,180,942	252,039,923	53,062,472
Total current assets	63,432,009	249,791,627	461,791	46,442,474
Total assets	669,534,951	631,972,569	252,501,714	99,504,946
Short term debt	934,887	211,803,300	27,827,550	2,714,591
Long term debt	0	0	0	0
Total liabilities	934,887	211,803,300	27,827,550	2,714,591
Contributed capital	795,050,017	510,050,017	247,146,720	96,899,960
Retained earnings	-126,449,954	-89,880,748	-22,472,556	-109,605
Total equity	668,600,063	420,169,269	224,674,164	96,790,355
Total equity and liabilities	669,534,950	631,972,569	252,501,714	99,504,946

Classification

Type of organization

Limited company

SANDWATER FUND I AS927 475 219

SANDWATER FUND I AS

Organization

Ownership

Financials

Management

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the SANDWATER FUND I AS

Group structure

Financials

Summary

P&L

Balance overview

Classification