On May 15, 2024, Expro Group Holdings N.V. established an incremental facility under its senior secured revolving facility agreement dated October 1, 2021, as amended and/or supplemented from time to time (the ?Revolving Facility Agreement?), in order to increase its existing $250 million revolving credit facility by a further $90 million in commitments, to a total of $340 million. The establishment of the incremental facility was accomplished by a notice entered into with DNB Bank ASA as Agent, together with a consortium of banks as lenders. The incremental facility has the same terms and conditions as the existing facility provided under the Revolving Facility Agreement.

The incremental facility is available for the same general corporate purposes as the existing facility provided under the Revolving Facility Agreement, including acquisitions. On May 15, 2024, the Company drew down on the new facility in the amount of approximately $76 million to finance the Acquisition.