Ensurge Micropower ASA - Grant of Incentive Subscription Rights

06 May 2025 09:36 CEST

The Board of Directors of Ensurge Micropower ASA (the "Company") has resolved to
grant a total of 90,000 incentive subscription rights to certain US employees in
the Ensurge group. The grant was made under the Company's 2024 incentive
subscription rights plan, as resolved at the 2024 Annual General Meeting. The
exercise price of the subscription rights is calculated to NOK 1.2532
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. The subscription rights expire on 14 May 2029.

The subscription rights otherwise follow the terms and conditions of the
Company's 2024 Subscription Rights Incentive Plan.

About Ensurge Micropower:

Ensurge is energizing innovation with the first ultrathin, flexible, reliable,
and fundamentally safe solid-state lithium microbattery.

With a workforce of forty top-tier specialists based in the world's technology
capital, Silicon Valley, Ensurge has developed a future-oriented and innovative
microbattery technology. The microbattery is ideal for form-factor-constrained
applications, including hearables, 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 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.

Ensurge's production facilities are optimized for prototyping and small-scale
manufacturing. To scale efficiently, we aim to outsource the production of the
resulting intellectual property (IP) to specialized partners with industrial
manufacturing expertise.

Ensurge is listed on the Norwegian stock exchange and is financed out of Norway
by strong and reputable financial investors, reflecting both a strategic
investment and a robust transatlantic collaboration.

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.

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