Ensurge Micropower ASA - Disclosure of Large Shareholdings

28 May 2024 09:10 CEST

Oslo, 28 May 2024

This disclosure is sent on behalf of a certain large shareholder in Ensurge
Micropower ASA (the "Company" or "Ensurge").

The Company disclosed on 13 May 2024 that it had successfully placed a private
placement of 54,775,545 new shares in the Company. In connection with the
private placement, a share lending agreement was entered into by the manager
Skandinaviska Enskilda Banken AB (publ), the Company and Robert Keith, as
announced in a disclosure on 14 May 2024. Robert Keith has lent shares in
connection with the settlement of the private placement. Mr. Keith also
subscribed for 2,508,719 of the private placement shares.

On 22 May 2024, the share capital increase in connection with the issuance of
new shares in the private placement shares was registered and disclosed, the
shares borrowed from Robert Keith were returned to Mr. Keith in accordance with
the share lending agreement, and Mr. Keith was issued 2,508,719 of the private
placement shares.

As a result of the foregoing, Robert Keith discloses the following information
pursuant to Section 4-2 of the Norwegian Securities Trading Act and the
Securities Trading Act Regulations:

On 23 May 2024, following the registration of the share capital increase
associated with the private placement in the Register of Business Enterprises,
the subsequent redelivery to Robert Keith of the borrowed shares Robert Keith's
holdings of shares went from 14,555,661 shares, representing 2.4% of the total
number of shares and votes in the Company, to 65,710,532 shares, representing
10,85% of the total number of shares and votes in the Company.

The disclosure obligation was triggered by Robert Keith crossing above the 5%
and 10% thresholds of the total number of voting rights and shares in Ensurge.

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