Ensurge Micropower ASA - Approval and publication of prospectus

04 Dec 2025 14:31 CET

Oslo, 4 December 2025

Reference is made to the stock exchange announcement published by Ensurge
Micropower ASA ("Ensurge" or the "Company") on 9 November 2025 regarding the
successful private placement of 111,111,111 new shares ("Private Placement" and
the "Private Placement Shares"), divided into Tranche 1 and Tranche 2,
and  launch of a potential subsequent offering of up to 22,222,222 new shares
(the "Subsequent Offering" and the "Subsequent Offering Shares"). Tranche 2 of
the Private Placement and the Subsequent Offering was subject to approval by the
Extraordinary General Meeting of the Company held on 3 December 2025. Such
approval was obtained.

As stated in the stock exchange announcement on 9 November 2025, the listing of
93,146,782 of the Private Placement Shares and the offering and listing of the
Subsequent Offering Shares remain subject to approval of a prospectus
("Prospectus") by the Norwegian Financial Supervisory Authority ("Norwegian
FSA") and the subsequent publication by the Company of such Prospectus.

The Norwegian FSA has approved the Prospectus, which has been prepared by the
Company for the listing on Oslo Børs of 93,146,782 of the Private Placement
Shares and the offering and listing of the Subsequent Offering Shares, as well
as the future listing of shares issuable upon any exercise of the warrants
issued by the 8 August 2025 Extraordinary General Meeting to the investors
participating in the private placement announced on 8 July 2025 and the warrants
issued to Corning Incorporated by the 3 December 2025 Extraordinary General
Meeting.

The subscription period for the Subsequent Offering starts on 5 December 2025 at
09:00 CET and expires on 12 December 2025 at 16:30 CET.

For further information on the Subsequent Offering, please refer to the
Prospectus. The Prospectus will be available on the websites of Arctic
Securities AS at https://arctic.com/offerings and DNB Carnegie, a part of DNB
Bank ASA, at https://www.dnb.no/emisjoner, which have acted as managers and
bookrunners in connection with the Private Placement and the Subsequent Offering
(the "Managers"). Ræder Bing advokatfirma AS acted as the Company's legal
advisor. Advokatfirmaet Thommessen AS acted as legal advisor to the Managers.

About Ensurge Micropower:
Ensurge (www.ensurge.com) powers the future of AI-enabled devices with advanced
microbattery technology that delivers unmatched performance and safety. From its
base in San Jose, California, the Company's team of battery specialists have
pioneered thin-film batteries produced on high-precision roll-to-roll production
processes. These innovations enable new possibilities in form-factor-constrained
applications across consumer, medical, and industrial markets. Ensurge partners
with leading global customers to accelerate their products to market and is
listed on the Oslo Stock Exchange. For more news and information on Ensurge,
please visit https://www.ensurge.com/news-room.

For more information, please contact:
Shauna McIntyre - Chief Executive Officer
E- mail: shauna.mcintyre@ensurge.com

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

More information:
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