Elmera Group ASA: Grant of share options

16 Feb 2023 07:00 CET

The Board of Directors has approved the grant of 379,000 options in connection
with the Group’s long-term incentive program. The program is subject to approval
at the Annual General Meeting. If the Annual General Meeting does not approve
the program, a cash settlement of the options contracts will be provided to the
employees.

The following primary insiders have been granted options:

Rolf Barmen: 40,000 options, now holding a total of 280,000 options

Arnstein Flaskerud: 20,000 options, now holding a total of 140,000 options

Roger Finnanger: 20,000 options, now holding a total of 140,000 options

Solfrid Aase: 20,000 options, now holding a total of 140,000 options

Solfrid Fluge Andersen: 20,000 options, now holding a total of 140,000 options

Per Heiberg-Andersen: 20,000 options, now holding a total of 100,000 options

Magnar Øyhovden: 20,000 options, now holding a total of 40,000 options

Henning Nordgulen: 30,000 options, now holding a total of 30,000 options

Marius Sveipe: 10,000 options, now holding a total of 20,000 options

The options granted vest on 15 February 2026. The options have a strike price of
NOK 14,50 and expire on 14 February 2029

The total number of options outstanding is now 1,979,000. For queries, please
contact:

Rolf Barmen, CEO, +47 900 80 950

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