NOD – Closing of acquisition of Memfault

01 Jul 2025 16:50 CEST

(Oslo, Norway – July 1, 2025) Reference is made to the stock exchange notice by
Nordic Semiconductor ASA on June 24, 2025, where it was communicated that Nordic
Semiconductor would acquire Memfault Inc. for USD 120 million.

The transaction has today been successfully completed. The three founders of
Memfault - CEO Francois Baldassari, CTO Chris Coleman and VP Developer
Experience Tyler Hoffman – will reinvest 30% of their share sale proceeds in
Nordic Semiconductor shares, totaling approximately USD 13 million.

For further information, please contact: Pål Elstad, CFO,
pal.elstad@nordicsemi.no +47 99 166 293

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5
-12.

This stock exchange announcement was published by Pål Elstad, CFO, on July 1,
2025 at 16:50 CEST.

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