Ensurge Micropower ASA - Grant of Incentive Subscription Rights

26 Sep 2025 20:30 CEST

The Board of Directors of Ensurge Micropower ASA (the "Company") has today
resolved to grant a total of 10,390,000 incentive subscription rights to certain
employees in the Ensurge group. The grant was made under the Company's
2025 incentive subscription rights plan (the "2025 SR-Plan"), as approved at the
Extraordinary General Meeting held in the Company on 8 August 2025. The exercise
price of the subscription rights is calculated to NOK 1.1829 per share.

The subscription rights will become vested over four years from the date of
grant, in equal quarterly increments.

The subscription rights expire on 8 August 2030. The subscription rights
otherwise follow the terms and conditions of the Company's 2025 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.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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