Elliptic Labs Sale of shares issued under share option program, mandatory notification of trade

05 Jun 2024 20:30 CEST

Oslo, Norway --- Elliptic Labs (OSE: ELABS): Reference is made to the stock
exchange notice on 24 May 2024 regarding exercise of options under the share
option program of Elliptic Laboratories ASA ("Elliptic Labs" or the
"Company").

Pursuant to the sales process conducted by a third party for the shares issued
upon the exercise of share options, the primary insider Espen Klovning, EVP of
Engineering, has sold 300,000 shares at a price of NOK 13.3047 per share and
primary insider Åslaug Tveiterås, VP of People, has sold 33,333 shares at a
price of NOK 13.3047 per share. See the enclosed forms for further details
about the transactions.

Contacts
Investor Relations:
Lars Holmøy
Lars.Holmoy@ellipticlabs.com

PR Contact:
Patrick Tsui
pr@ellipticlabs.com

About Elliptic Labs
Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT,
and automotive markets. Founded in 2006 as a research spin-off from Norway's
Oslo University, the company's patented software uses AI, ultrasound, and
sensor-fusion to create AI Virtual Smart Sensors that deliver intuitive 3D
gesture-, proximity-, presence-, breathing-, and heartbeat -detection
experiences. Its scalable AI Virtual Smart Sensor PlatformTM creates
software-only sensors that are sustainable, human-friendly, and already
deployed in hundreds of millions of devices around the world. Elliptic Labs is
the only software company that has delivered detection capabilities using AI
software, ultrasound, and sensor-fusion deployed at scale. The company is
listed on the Oslo Børs.

Elliptic Labs is headquartered in Norway with presence in the USA, China,
South -Korea, Taiwan, and Japan. Its technology and IP are developed in Norway
and are solely owned by the company.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 19 no. 3. The information was submitted for publication
at 2024-06-05 20:30 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

620773_Elliptic Labs Sale of shares issued under share option program, mandatory notification of trade.pdf
620773_Attachment To Mandatory Notification Of Transactions By Primary Insiders And Close Associates.pdf