Ensurge Micropower ASA - Employee Share Purchase Plan

06 Mar 2026 09:20 CET

Ensurge Micropower ASA (the "Company") has on 5 March 2026 resolved to issue
1,909,313 ordinary shares at an average subscription price of NOK 0.6387 per
share to employees and contractors ("Participants") in the Company who
participate in the Company's 2025 Employee Share Purchase Plan ("ESPP"). The
ESPP was approved by the 8 August 2025 Extraordinary General Meeting.

10 Participants participated in the ESPP in the offering period, which expired
on 27 February 2026. The Participants have elected to invest a part of the base
salary or service fee in ordinary shares in the Company. Share purchases take
place every six months.

Ensurge Micropower ASA 2024 ESPP

The ESPP is available on the Company's website.
https://assets.milestoneinternet.com/ensurge-inc/pdf/ensurge-2025-employee-share
-purchase-plan-005.pdf

Any person who is an eligible participant has been offered to subscribe for
shares in the Company in connection with the ESPP. The ESPP is structured around
two offering periods, starting on the first day of the calendar month following
each planned public disclosure on Oslo Børs of the half-yearly and fourth
quarter financial results of the Company, such calendar months being September
through February and March through August. During each offering period, a fixed
amount (up to 20% of the employee's gross (pre-tax) base salary or, in the case
of contractors, up to 20% of the service fee payable to such contractor) is
withheld from the employee's net salary or from the contractor's service fee,
which fixed amount must be at least a total of NOK 6,000 (or equivalent foreign
currency) for each offering period. The Participant may sign up to participate
in the ESPP from the date of the public disclosure of the half-yearly or fourth
quarter financial results until the day before the commencement of the offering
period. Unless the Participant actively withdraws from the ESPP, participation
is automatically renewed for the same amount for subsequent offering periods.
The board's resolution to issue new shares in connection with the ESPP is made
pursuant to the authorization granted by the Company's Extraordinary general
meeting on 8 August 2025 to increase the Company's share capital in connection
with the ESPP. Settlement of the subscription amount is made by set-off against
debt to the employees and contractors (offset).

In accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation")
Article 1 (5) h, issuance of shares in connection with the ESPP is exempt from
the obligation to publish a listing prospectus.

Upon registration of the share capital increases associated with the exercise of
incentive subscription rights and the issuance of ESPP shares in the Norwegian
Register of Business Enterprises, the Company's share capital will be NOK
485,652,851.50 divided into 971,305,703 shares, each having a par value of NOK
0.50.

For further information, please contact: ir@ensurge.com.

About: Ensurge Micropower ASA Ensurge Micropower develops ultra-thin, flexible
solid-state lithium microbatteries that enable next-generation electronic
devices. The company's proprietary platform is designed to deliver safe,
high-performance energy storage in space-constrained applications across medical
devices, hearables, wearables, industrial systems, and defense. Ensurge
Micropower ASA is listed on the Oslo Stock Exchange under the ticker ENSU.

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

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