Elliptic Labs: Notice of Extraordinary General Meeting

06 Mar 2026 15:45 CET

Oslo, Norway --- Reference is made to the stock exchange announcement by
Elliptic Laboratories ASA (OSE: ELABS) (the "Company") on 5 March 2026
regarding the successfully placed private placement of new shares (the
"Private Placement") and potential subsequent offering (the "Subsequent
Offering").

The Company hereby convenes an extraordinary general meeting to be held on 27
March 2026 at 10:00 CET (the "EGM").

The Company's board of directors (the "Board") has proposed that the EGM
approves the issue of 10,522,500 new shares under tranche two of the Private
Placement. Furthermore, the Board has proposed an authorisation to increase
the Company's share capital for the purposes of the Subsequent Offering and
the renewal of a 10% authorisation to increase the share capital, as granted
by the Company's annual general meeting held on 21 May 2025. Please refer to
the notice of the EGM for further information.

The notice of the EGM is appended hereto and is also available at the
Company's website: www.ellipticlabs.com.

For more information, please contact:
CEO Ola Tviberg Sandstad, ola.sandstad@ellipticlabs.com
CFO Mathias Norderud, mathias.norderud@ellipticlabs.com

About Elliptic Labs
Elliptic Labs is a global Edge AI company delivering trusted, low-power
on-device sensing at scale. Our AI Virtual Smart Sensor PlatformTM enables
intelligent, always-on contextual awareness directly on devices --- without
the need for additional hardware or continuous cloud processing.
Deployed in over 500 million devices worldwide, our platform powers
software-defined sensing across a broad range of consumer and enterprise
products. By executing compact neural networks directly on-device, our
technology delivers adaptive, real-time sensing that preserves user privacy
while minimizing power consumption.

For more than a decade, Elliptic Labs has specialized in efficient neural
network execution using proprietary runtimes and custom-built sensing models
optimized for real-world environments. Built on balanced, self-collected
datasets and engineered to operate across diverse hardware architectures, our
AI Virtual Smart Sensors enable seamless integration across product
generations and device categories.

Our solutions enhance security, personalization, productivity, and user
experience --- forming a scalable foundation for the next generation of
AI-enabled devices.
Headquartered in Norway, with a presence in the USA, China, South Korea,
Taiwan, and Japan, Elliptic Labs is listed on the Oslo Stock Exchange. All
technology and intellectual property are developed in Norway and are solely
owned by the company, ensuring independence and long-term innovation.

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

More information:
Access the news on Oslo Bors NewsWeb site

667742_Elliptic Labs- Notice of Extraordinary General Meeting.pdf
667742_Elliptic Labs EGM Notice.pdf