Status of tape-out for Lokotech Scrypt/AI ASIC

26 Sep 2025 18:00 CEST

Oslo 26. September 2025

With reference to the stock exchange notice dated 11th August 2025 and
information in the semi-annual report dated 29th of August.

The necessary design adjustments after the 3rd party IP library update have been
successfully implemented. The engineering team have since moved on and are
currently working through the last tests, verifications and adjustments for the
top layer of the ASIC. This work has taken somewhat longer than first
anticipated in the estimated timeline. Tape-out is therefore expected to be
pushed 4 weeks or more into the future. We are also working to reduce the window
between dry-run and tape-out. Next notice on this matter will be on the date for
start of dry-run and thereafter when the ASIC is taped-out.

The increased engineering efforts related to this matter has no material impact
on the costs associated with the development for Lokotech.

This information is subject to disclosure under the Norwegian Securities Trading
Act, §5-12.

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