Ensurge Micropower ASA - Approval and publication of prospectus

07 Jul 2024 18:00 CEST

Oslo, 7 July 2024

Reference is made to the stock exchange announcement published by Ensurge
Micropower ASA ("Ensurge" or the "Company") on 13 May 2024 regarding the
successful private placement of 54,775,545 new shares ("Private Placement"). As
stated in such stock exchange announcement, the listing of 3,387,968 of the new
shares (the "Private Placement Shares") on Oslo Børs remains subject to approval
of a listing prospectus ("Prospectus") by the Financial Supervisory Authority
("FSA") and the subsequent publication by the Company of such prospectus.

Further reference is made to the stock exchange announcement by the Company on
24 May 2024 regarding the approval of a share capital increase associated with
the conversion of a convertible loan of NOK 6 million, plus accrued interest,
and the resulting issuance of a total of 12,439,921 new shares in the Company.
Further, there are in existence convertible loans in the total principal amount
of NOK 2,500,000, as resolved by the Extraordinary General Meeting on 10
November 2023. The shares issuable upon conversion of such convertible loans
plus accrued interest, which would amount to a maximum of 5,117,546 new shares,
and the above-mentioned 12,439,921 new shares already issued, are referred to as
the "Convertible Loan Shares". The listing of the Convertible Loan Shares on
Oslo Børs remain subject to approval of a Prospectus by the FSA.

The FSA has approved the Prospectus, which has been prepared by the Company for
the listing on Oslo Børs of the Private Placement Shares and Convertible Loan
Shares.

The Prospectus is attached hereto and is available
at https://ensurge.com/investor-relations/share-information/prospectus/
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fensurge.com%2
Finvestor-relations%2Fshare-
information%2Fprospectus%2F&data=05%7C01%7Ccgc%40raederbing.no%7Ce1ba6676ca4e41b
2024d08dbf1845356%7C9c20aa9cbe954bdb9e57a0301015c9cd%7C0%7C0%7C63836932303834680
6%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLC
JXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=EMLXZaoA0yo1PUtazPSYORCD18PiHV%2FBmntNCXZSYVs
%3D&reserved=0). Printed copies of the Prospectus may be obtained free of charge
at the offices of the Company's law firm Ræder Bing advokatfirma AS.

Skandinaviska Enskilda Banken AB (publ) acted as financial advisor and
bookrunner in connection with the Private Placement (the "Manager"). Ræder Bing
advokatfirma AS acted as the Company's legal advisor. Advokatfirmaet Thommessen
AS acted as legal advisor to the Manager.

About Ensurge Micropower

Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible,
reliable, and fundamentally safe solid-state lithium microbattery for the 1 to
100 milliampere-hour (mAh) class of wearable devices, connected sensors, and
beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable
products that are ideal for form-factor-constrained applications including
hearables (hearing aids and wireless headphones), digital and health wearables,
sports and fitness devices, and IoT sensor solutions that use energy harvesting
to power everyday things. The company's state-of-the-art manufacturing facility,
located in the heart of Silicon Valley, combines patented process technology and
materials innovation with the scale of roll-to-roll production methods to bring
the advantages of Ensurge technology to established and expanding markets.

For more information:

Lars Eikeland, Chief Executive Officer

E-mail: lars.eikeland@ensurge.com (mailto:lars.eikeland@ensurge.com)

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

623191_Ensurge Micropower ASA Prospectus.pdf