Napatech A/S: Issue of warrants

02 Jan 2026 17:09 CET

COPENHAGEN, Denmark, 2 January 2026 – Napatech (OSLO: NAPA.OL) today reports
that following the extraordinary general meeting, the board of directors (the
"Board") of Napatech A/S has decided to issue warrants to the company's new CEO,
Kartik Srinivasan.

The Board's decision was made in accordance with the updated authorization to
the Board pursuant to article 7.10 of the company's articles of association, as
amended by the general meeting at today's extraordinary general meeting.

A total of 1,000,000 warrants has been issued to Kartik Srinivasan. The warrants
are subject to a 4-year linear vesting period, with 25% of the granted warrants
vesting yearly on 2 January, the first time being on 2 January 2027. All of the
warrants will be vested on 2 January 2030.

Each warrant entitles the holder to subscribe for one new share of a nominal
amount of DKK 0.25, subject to the vesting mechanism. The warrants may be
exercised at an exercise price of NOK 30.80 per warrant, corresponding to the
share trading price at the close of business at the Oslo Stock Exchange on 30
December 2025.

The issued warrants are subject to the Napatech Share Option and Incentive
program 2024 Warrant Program, which is an integrated part of the company's
articles of association. The warrants may be exercised only upon their vesting,
and within 5 years after vesting.

Following this issue, Kartik Srinivasan holds 1,000,000 warrants in the company.

For additional information, please contact:

Henrik Brill Jensen, COO
E-mail: hbj@napatech.com

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