Share capital increase registered following exercise of Warrants

23 Apr 2026 15:15 CEST

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE
HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR
JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL.

Oslo, 23 April 2026: Reference is made to the stock exchange announcement by
Lokotech Group AS (the "Company") on 15 April 2026 regarding the results of
the exercise of the warrants (the "Warrants"), which resulted in an issuance
of 53,279,926 new shares (the "New Shares") in the Company to investors having
exercised Warrants.

The share capital increase pertaining to the issuance of the New Shares is now
registered with the Norwegian Register of Business Enterprises. Following the
registration, the Company's new registered share capital is NOK 34,233,024.80,
divided into 684,660,496 shares, each with a nominal value of NOK 0.05.

The New Shares are expected to be delivered to investors on or about 24 April
2026.

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

For more information, please contact:
CEO, Ola Stene-Johansen, email osj@lokotech.no

IMPORTANT NOTICE
These materials are not and do not form a part of any offer of securities for
sale, or a solicitation of an offer to purchase, any securities of the Company
in the United States or any other jurisdiction. Copies of these materials are
not being made and may not be distributed or sent into any jurisdiction in
which such distribution would be unlawful or would require registration or
other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities
laws. Any sale in the United States of the securities mentioned herein will be
made solely to "qualified institutional buyers" (QIBs) as defined in Rule 144A
under the Securities Act, pursuant to an exemption from the registration
requirements under the Securities Act, as well as to major U.S. institutional
investors under SEC Rule 15a-6 to the United States Exchange Act of 1934, as
amended.

This communication contains certain forward-looking statements concerning
future events, including possible issuance of equity securities of the
Company. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect",
"anticipate", "strategy", "intends", "estimate", "will", "may", "continue",
"should" and similar expressions. The forward-looking statements in this
communication are based upon various assumptions, many of which are based, in
turn, upon further assumptions. The Company believes that these assumptions
were reasonable when made. However, these assumptions are inherently subject
to significant known and unknown risks, uncertainties, contingencies and other
important factors which are difficult or impossible to predict and are beyond
its control. Such risks, uncertainties, contingencies and other important
factors include the possibility that the Company will determine not to, or be
unable to, issue any debt, hybrid or equity securities, and could cause actual
events to differ materially from the expectations expressed or implied in this
release by such forward-looking statements. The Company does not make any
guarantee that the assumptions underlying the forward-looking statements in
this announcement are free from errors. The information, opinions and
forward-looking statements contained in this communication speak only as at
its date and are subject to change without notice.

Each of the Company, Pareto Securities AS (the "Manager") and their respective
affiliates disclaims any obligation or undertaking to update, review or revise
any statement contained in this communication whether as a result of new
information, future developments or otherwise. Neither the Manager nor any of
its affiliates makes any representation as to the accuracy or completeness of
this announcement and none of them accepts any liability arising from the use
of this announcement or responsibility for the contents of this announcement
or any matters referred to herein. This announcement is for information
purposes only and is not to be relied upon in substitution for the exercise of
independent judgment. It is not intended as investment advice and under no
circumstances is it to be used or considered as an offer to sell, or a
solicitation of an offer to buy any securities or a recommendation to buy or
sell any securities of the Company. Certain figures contained in this
announcement, including financial information, have been subject to rounding
adjustments. Accordingly, in certain instances, the sum or percentage change
of the numbers contained in this announcement may not conform exactly with the
total figure given.

The distribution of this announcement and other information may be restricted
by law in certain jurisdictions. Persons into whose possession this
announcement or such other information should come are required to inform
themselves about and to observe any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the securities laws of
any such jurisdiction. Specifically, neither this announcement nor the
information contained herein is for publication, distribution or release, in
whole or in part, directly or indirectly, in or into or from the United States
(including its territories and possessions, any state of the United States and
the District of Columbia), Australia, Canada, Hong Kong, Japan or any other
jurisdiction where to do so would constitute a violation of the relevant laws
of such jurisdiction.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-04-23 15:15 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

671350_Share capital increase registered following exercise of Warrants.pdf