Napatech A/S: Issue of warrants

02 Feb 2026 17:09 CET

COPENHAGEN, Denmark, 2 February 2026 – Napatech (OSLO: NAPA.OL) today reports
that the board of directors (the "Board") of Napatech A/S has decided to issue
warrants to the company's new CFO, Klaus Skovrup.

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 the extraordinary general meeting held 2
January 2026.

A total of 100,000 warrants has been issued to Klaus Skovrup. The warrants are
subject to a 4-year linear vesting period, with 25% of the granted warrants
vesting yearly on 2 February, the first time being on 2 February 2027. All of
the warrants will be vested on 2 February 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 33.65 per warrant, corresponding to the
share trading price at the close of business at the Oslo Stock Exchange on 30
January 2026.

The issued warrants are subject to a three-year lock-up period as of the date of
the grant as well as to the terms of 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 8 years after the granting of the warrants.

Following this issue, Klaus Skovrup holds 100,000 warrants in the company.

For additional information, please contact:

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

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