Xplora Technologies AS Exercise of share options by primary insiders and related transactions

04 Mar 2025 18:40 CET

Primary insiders holding share options under Xplora Technologies AS' ("Xplora"
or the "Company") share incentive program have today exercised a total of
375,000 options, each equal to one share, at an exercise price of NOK 7 per
share. The exercised options will be settled by issuance of new shares in the
Company, and the Company's board of directors has today resolved to issue 456
167 new shares, each with a nominal value of NOK 0.004, pursuant to a board
authorization to issue new shares granted by the annual general meeting on 16
May 2024.

The primary insiders listed below has exercised the options and subscribed for
new shares, and transferred their rights to receive the new shares to a third
party in return for a net sales proceed which will be finally determined on
the basis of the market price subsequently obtained by the third party. The
results of the sales process will be announced in a separate stock exchange
notice.

Kristin Hellebust has subscribed 250,000 new shares in the Company at a strike
price of NOK 7 per share. All of these new shares shall be transferred to the
third party buyer today, as mentioned above. Following this, she holds 323,304
shares in the Company and 0 options in the Company.
Kjetil Fennefoss has subscribed 125,000 new shares in the Company at a strike
price of NOK 7 per share. All of these new shares shall be transferred to the
third party buyer today, as mentioned above. Following this, he holds 302,342
shares in the Company and 125,000 options in the Company.

All the exercised options have been granted in accordance with the Company's
share option program described in the Company's latest annual financial
statement.

This information is subject to disclosure requirements in Regulation EU
596/2014 (MAR) article 19 no. 3 and the Norwegian Securities Trading Act
section 5-12.

For more information, please contact:
Sten Kirkbak, CEO, +47 92203710, sten.kirkbak@xplora.com
Knut Stålen, CFO, +47 92043458, knut.stalen@xplora.com

About Xplora Technologies AS: Xplora is a platform and services company and an
industry leader in the market for children's smartwatches. Xplora was founded
to give children a safe onboarding to the digital life and a better balance
between screen time and physical activity. Xplora's vision is to enable
children around the world to experience how their everyday activities can
create value and make a positive change in the world. The company is
headquartered in Norway with operations in leading European markets. Xplora is
listed on Euronext Growth under the ticker symbol XPLRA.

More information:
Access the news on Oslo Bors NewsWeb site

640396_KRT 1500 Kristin Hellebust.pdf
640396_KRT 1500 Kjetil Fennefoss.pdf
640396_Xplora Technologies AS Exercise of share options by primary insiders and related transactions.pdf