Ensurge Micropower ASA - Subscription Rights Exercise

19 May 2025 20:02 CEST

Ensurge Micropower ASA (the "Company") has received notice of exercise of in
total 367,000 vested incentive subscription rights from an employee of the
Company.

The vested incentive subscription rights were granted under the Company's 2022
Subscription Rights Plan and 2023 Subscription Rights Incentive Plan. Of the
367,000 subscription rights, 200,000 have an exercise price per share of NOK
0.5, and 167,000 have an exercise price per share of NOK 0.915.

The Board has resolved to approve such exercise and the resulting issuance of
367,000 new shares in the Company. Upon registration of the share capital
increase associated with the exercise of incentive subscription rights in the
Norwegian Register of Business Enterprises, the Company's share capital will be
NOK 397,790,160.50 divided into 795,580,321 shares, each having a par value of
NOK 0.50.

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:
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 the Norwegian Securities Trading Act

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