Ensurge Micropower ASA - Approval and publication of prospectus

05 Nov 2024 17:00 CET

Oslo,5 November 2024

Reference is made to the stock exchange announcement published by Ensurge
Micropower ASA ("Ensurge" or the "Company") on 19 September 2024 regarding the
successful private placement of 75,000,000 new shares ("Private Placement" and
the "Private Placement Shares"), divided into Tranche 1 and Tranche 2, and the
possible subsequent offering of up to 11,500,000 new shares (the "Subsequent
Offering" and the "Subsequent Offering Shares"). Tranche 2 of the Private
Placement and the Subsequent Offering was subject to approval by the
Extraordinary General Meeting of the Company held on 14 October 2024. Such
approval was obtained.

As stated in the stock exchange announcement on 19 September 2024, the listing
of the Private Placement Shares and the offering and listing of the Subsequent
Offering Shares remain subject to approval of a prospectus ("Prospectus") by the
Financial Supervisory Authority ("FSA") and the subsequent publication by the
Company of such Prospectus.

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 the offering and
listing of the Subsequent Offering Shares.

As a result of the above, the subscription period for the Subsequent Offering
starts on 7 November 2024 and expires on 21 November 2024 at 16:30 CET. For
further information on the Subsequent Offering, please refer to the Prospectus.

The Prospectus is attached hereto and will be available on the Company's website
at https://www.ensurge.com/investors/financial-and-other-reports/prospectus.
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) and Arctic Securities AS acted as
financial advisor and bookrunner in connection with the Private Placement and
the Subsequent Offering (the "Managers"). Ræder Bing advokatfirma AS acted as
the Company's legal advisor. Advokatfirmaet Thommessen AS acted as legal advisor
to the Managers.

About Ensurge Micropower ASA:
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.

More information:
Access the news on Oslo Bors NewsWeb site

631304_2024-11-05 Prospectus - Ensurge Micropower ASA - Final Version.pdf