Spir Group ASA: Grant of share options to management and notification of transaction in connection therewith

13 Feb 2025 19:22 CET

Oslo, 13 February 2025: The board of directors of Spir Group ASA (the "Company"
and together with its consolidated subsidiaries, the "Group") has resolved to
adopt a new 3-year share option program for management and key employees (the
"2024 Option Program"). The 2024 Option Program is based on the same terms and
conditions as the 2023 Option Program and is in compliance with the Company’s
applicable guidelines for remuneration of executive management and the
authorisation granted to the Company’s board of directors by the annual general
meeting in 2024 to increase the Company’s share capital in connection with
incentive schemes.

The following key points summarises the main terms and conditions of the 2024
Option Program:

- A total of 1,146,987 options has been granted to certain members of management
and key employees;

- No performance conditions apply to the 2024 Option Program, but vesting of the
options, and in most circumstances exercise of the options, is subject to the
option holder remaining an employee of the Group;

- The options under the 2024 Option Program will vest during a 3-year period
with 1/3 vesting each year. The options may be exercised, fully or partially,
from the time each option is fully vested and until and including 31 December
2029;

- The exercise price is based on the volume weighted average price for the
Company's shares as traded on Euronext Oslo Børs during December 2024, being the
same time period as customary under previous programs, with an annual increase
of 10% as set out below:

i) 1/3 of the options will vest on 1 January 2026 and have an exercise price
of NOK 9.41;
ii) 1/3 of the options will vest on 1 January 2027 and have an exercise price
of NOK 10.35; and
iii) 1/3 of the options will vest on 1 January 2028 and have an exercise price
of NOK 11.39

The following primary insiders have today been granted share options under the
2024 Option Program:

- Per Haakon Lomsdalen, CEO of the Company, has been granted 127,443 share
options under the 2024 Option Program,

- Hege Moe Tveit, CEO of Sikri AS, has been granted 127,443 share options under
the 2024 Option Program,

- Arild Elverum, CEO of Ambita AS, has been granted 127,443 share options under
the 2024 Option Program,

- Erling Olaussen, Chief of Strategy and M&A of the Company, has been granted
127,443 share options under the 2024 Option Program,

- Anny Bratterud, Group Director HR, has been granted 127,443 share options
under the 2024 Option Program,

- Mia Ryan, Group CTO, has been granted 127,443 share options under the 2024
Option Program,

- Jonas Åkerman, VD of Metria AB, has been granted 127,443 share options under
the 2024 Option Program,

- Raymond Vaaler-Hansen, CEO of Boligmappa AS, has been granted 127,443 share
options under the 2024 Option Program.

- Arnhild Schia, CEO of Iverdi AS, has been granted 127,443 share options under
the 2024 Option Program.
-

Please see the attached notification forms for additional information.

For further information, please contact:

Cecilie Brænd Hekneby, CFO & IR
Tel: +47 99 29 38 26
E-mail: cecilie.hekneby@spirgroup.com

This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
Section 5-12.

About Spir Group
Spir Group is a Nordic software house delivering mission critical software and
data within two business areas; Real estate and Public Administration. In Real
estate, Spir Group helps to streamline complex real estate processes through
specialized niche software and data. In Public Administration, Spir Group is one
of Norway’s leading software providers, delivering solutions for case
management, archiving, quality management and internal control systems to the
public sector in Norway. The Group’s customers range from municipalities,
governmental agencies, real estate agents, banks, insurance companies,
appraisers, property developers, media companies, builders, property owners,
engineers, power companies, and building materials production companies. Our
mission is to help our customers streamline their operations and drive
digitization through software, data and artificial intelligence.

More information:
Access the news on Oslo Bors NewsWeb site

638694_KRT-1500 Mia Ryan.pdf
638694_KRT-1500 Jonas Åkerman.pdf
638694_KRT-1500 Raymond Vaaler-Hansen.pdf
638694_KRT-1500 Hege Tveit.pdf
638694_KRT-1500 Anny Bratterud.pdf
638694_KRT-1500 Arild Elverum.pdf
638694_KRT-1500 Arnhild Schia.pdf
638694_KRT-1500 Per Lomsdalen.pdf
638694_KRT-1500 Erling Olaussen.pdf