Elliptic Labs Mandatory notification of trades

27 Mar 2026 11:48 CET

Oslo, Norway --- Reference is made to the stock exchange announcement by
Elliptic Laboratories ASA (the "Company") on 5 March 2026 regarding the
successful placement of new shares (the "Offer Shares") in the Company at a
price per Offer Share of NOK 2.85, raising gross proceeds of approximately NOK
60 million (the "Private Placement") and the minutes from the extraordinary
general meeting held today, 27 March 2026 (the "EGM").

In the second tranche of the Private Placement, as resolved by the EGM, the
following primary insiders of the Company and closely associated entities were
allocated Offer Shares for a total amount of approx. NOK 5.7 million:


* Alden AS, a company closely associated with Edvin Austbø (Board member), has
been allocated 1,473,684 Offer Shares equal to approx. NOK 4.2 million;
* Svenn-Tore Larsen (Chairperson of the Board) has been allocated 350,877
Offer Shares equal to approx. NOK 1 million;
* Svein-Egil Nielsen (Board member) has been allocated 35,087 Offer Shares
equal to approx. NOK 100,000;
* Ingrid Elvira Leisner (Board member) has been allocated 35,087 Offer Shares
equal to approx. NOK 100,000;
* Berit Svendsen (Board member) has been allocated 35,087 Offer Shares equal
to approx. NOK 100,000;
* TS Vekst AS, company closely associated with Ola Tviberg Sandstad (CEO), has
been allocated 35,087 Offer Shares equal to approx. NOK 100,000; and
* Mathias Norderud (CFO) has been allocated 35,087 Offer Shares equal to
approx. NOK 100,000.


Please see further details about the transactions in the attached PDMR forms.

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 article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

669631_Elliptic Labs Mandatory notification of trades.pdf
669631_Elliptic Labs PDMR Forms.pdf