Nordic Semiconductor

Share Issue/Capital Change • Feb 26, 2016

Grant of Share Options

Grant of Share Options

With reference to the Extraordinary General Meeting on

December 8th 2015, Nordic Semiconductor has on the

26th February 2016 granted 1,590,000 share options to

employees and primary insiders. On the EGM the Company

was given the approval to issue up to 1% of the

outstanding share capital in options to all employees.

According to the approval, the option scheme has a

long term element as options are exercisable over a

three-year period and expire after five years. The

options were granted at a strike price of NOK 47,72

(10% above volume weighted average share price the

week following Q4 2015 results). If the company's

share price exceeds a cap of NOK 143.16, the company

may settle the option grant by compensating the

employee the difference between the cap and the strike

price.

Please refer to the minutes of the December 8th, 2015

EGM for further details of the option plan.

Primary insiders in Nordic Semiconductor have received

the following options grants, according to the terms

described above:

Chief Executive Officer Svenn-Tore Larsen has been

granted 65,575 share options. Following this

transaction, he holds 1,890,400 shares and 640,575

options in the Company.

Chief Financial Officer Pål Elstad has been granted

43,804 share options. Following this transaction, he

holds 3,846 shares and 43,804 options in the Company.

Chief Technology Officer Svein-Egil Nielsen has been

granted 43,804 share options. Following this

transaction, he holds 15,000 shares and 293,804

options in the Company.

Sales and Marketing Director Geir Langeland has been

granted 43,804 share options. Following this

transaction, he holds 177,700 shares and 393,804

options in the Company.

Supply Chain Director Ole-Fredrik Morken has been

granted 43,804 share options. Following this

transaction, he holds 160,000 shares and 108,804

options in the Company.

Quality Director Ebbe Rømcke has been granted 21,771

share options. Following this transaction, he holds

68,900 shares and 121,771 options in the Company.

Group Accounting Manager Irene Eilertsen has been

granted 5,100 share options. Following this

transaction, she holds 25,100 options in the Company.

Financial Analyst Thomas Larsen has been granted 3,500

share options. Following this transaction, he holds

3,500 options in the Company.

Employee Board member Anne Strand has been granted

5,100 share options. Following this transaction, she

holds 7,160 shares and 25,100 options in the Company.

Employee Board member Joakim Ferm has been granted

3,500 share options. Following this transaction, he

holds 23,500 options in the Company.

Employee Board member Lasse Haugnes Olsen has been

granted 3,500 share options. Following this

transaction, he holds 3,500 options in the Company.

For more information, please contact:

Pål Elstad, Chief Financial Officer. +47 991 66 293