UPDATED KEY INFORMATION RELATING TO THE PARTIALLY UNDERWRITTEN RIGHTS ISSUE

30 Apr 2025 20:15 CEST

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.

Oslo, 30 April 2025: Reference is made to the stock exchange announcement
published by Lokotech Group AS (the "Company") on 3 March 2025, with key
information relating to the partially underwritten rights issue raising gross
proceeds of up to NOK 200 million (the "Rights Issue"). The Rights Issue
includes tradable subscription rights for existing shareholders and issuance of
warrants to the investors allocated shares in the Rights Issue (the "Warrants").


Updated key information relating to the Rights Issue is set out below:
Date on which the terms and conditions of the Rights Issue were announced: 3
March 2025 and updated on 30 April 2025

Last day including right: 2 May 2025

Ex-date: 5 May 2025

Record Date: 6 May 2025

Date of approval: 30 April 2025

Maximum number of new shares: 599,880,023 shares

Subscription price: NOK 0.3334 per share

Ratio preferential rights: Each existing shareholder as of 2 May 2025 (and being
registered as such in Euronext Securities Oslo, the Norwegian Central Securities
Depository (the VPS) at the expiry of 6 May 2025 (the Record Date)), will be
granted 3.173987 subscription rights for every existing share in the Company
registered as held by such shareholder. The number of subscription rights
granted to each existing shareholder will be rounded down to the nearest whole
subscription right.

Subscription ratio: Each subscription right gives the right to subscribe for and
be allocated one (1) offer share. Oversubscription with subscription rights is
permitted.
Managers: Pareto Securities AS and SpareBank 1 Markets AS.
Will the rights be listed: Yes, the Company will apply for listing of the
subscription rights on Euronext Growth Oslo.

ISIN for the preferential rights: To be announced when determined.
Other information: The subscribers in the Rights Issue will, without cost, for
every one (1) new share allocated to and paid by them in the Rights Issue, be
allocated 0.131506 Warrants, rounded down to the nearest whole Warrant. The
total number of Warrants to be issued in the Rights Issue will be up to
78,887,887. Each Warrant will give the holder a right to subscribe for one (1)
new share in the Company at a subscription price equal to the greater of (a) a
35% discount to the volume-weighted average price of the Company's shares on the
last three trading days prior to the first date on which the warrant holders can
exercise the Warrants; and (b) NOK 0.5130. The Warrants may be exercised from on
or about 1 April 2026 to on or about 15 April 2026 (post annual report 2025).
Furthermore, reference is made to the stock exchange announcement published by
the Company on 3 March 2025 and earlier today, 30 April 2025, for further
information regarding the Rights Issue. The Rights Issue is subject to
publication and approval by the Norwegian Financial Supervisory Authority of a
prospectus for the offering.

For more information, please contact:
CEO, Ola-Stene Johansen, email osj@lokotech.no

This information is subject to the disclosure requirements pursuant to the
Continuing Obligations and the disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.
IMPORTANT NOTICE These materials are not and do not form a part of any offer of
securities for sale, or a solicitation of an offer to purchase, any securities
of the Company in the United States or any other jurisdiction. Copies of these
materials are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
Any sale in the United States of the securities mentioned herein will be made
solely to "qualified institutional buyers" (QIBs) as defined in Rule 144A under
the Securities Act, pursuant to an exemption from the registration requirements
under the Securities Act, as well as to major U.S. institutional investors under
SEC Rule 15a-6 to the United States Exchange Act of 1934, as amended.
This communication contains certain forward-looking statements concerning future
events, including possible issuance of equity securities of the Company.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "believe", "expect", "anticipate", "strategy",
"intends", "estimate", "will", "may", "continue", "should" and similar
expressions. The forward-looking statements in this communication are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
The Company believes that these assumptions were reasonable when made. However,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors include the possibility that the
Company will determine not to, or be unable to, issue any debt, hybrid or equity
securities, and could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The Company does not make any guarantee that the assumptions
underlying the forward-looking statements in this announcement are free from
errors. The information, opinions and forward-looking statements contained in
this communication speak only as at its date and are subject to change without
notice.

Each of the Company, the Managers and their respective affiliates disclaims any
obligation or undertaking to update, review or revise any statement contained in
this communication whether as a result of new information, future developments
or otherwise. Neither the Managers nor any of its affiliates makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any liability arising from the use of this announcement or
responsibility for the contents of this announcement or any matters referred to
herein. This announcement is for information purposes only and is not to be
relied upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company.
Certain figures contained in this announcement, including financial information,
have been subject to rounding adjustments. Accordingly, in certain instances,
the sum or percentage change of the numbers contained in this announcement may
not conform exactly with the total figure given.
The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
Specifically, neither this announcement nor the information contained herein is
for publication, distribution or release, in whole or in part, directly or
indirectly, in or into or from the United States (including its territories and
possessions, any state of the United States and the District of Columbia),
Australia, Canada, Hong Kong, Japan or any other jurisdiction where to do so
would constitute a violation of the relevant laws of such jurisdiction.

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