Ensurge Micropower ASA - Grant of Incentive Subscription Rights

11 Nov 2024 21:19 CET

The Board of Directors of Ensurge Micropower ASA (the "Company") resolved on 11
November 2024 to grant a total of 210,000 incentive subscription rights to
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 0.94017 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.

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

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

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