Ensurge Micropower ASA - Grant of Incentive Subscription Rights

24 Sep 2024 20:30 CEST

The Board of Directors of Ensurge Micropower ASA (the "Company") resolved on 24
September 2024 to grant a total of 160,000 incentive subscription rights to
certain US employees in the Ensurge group. The grant was made under the
Company's 2024 incentive subscription rights plan, as resolved at the Annual
General Meeting on 14 May 2024. The exercise price of the subscription rights is
calculated to NOK 1.0982 per share.

50% of the subscription rights will vest on the one-year anniversary of the date
of grant, and the remaining 50% will vest on the two-year anniversary of the
date of grant. The subscription rights expire on 14 May 2029.

The subscription rights otherwise follow the terms and conditions of the 2024
subscription rights incentive plan.

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, please contact: 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 of the Norwegian Securities Trading Act.

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