Nordic Semiconductor

Transaction in Own Shares • Feb 5, 2025

NOD: Share Buyback Program

NOD: Share Buyback Program

The Board of Directors of Nordic Semiconductor ASA has in a board meeting held on February 4, 2025, authorized the Company to commence a share repurchase program.

The share repurchase program will be carried out in accordance with applicable laws and regulations.

The purpose of the program is to have available shares to settle the company's obligations under the Employee long-term equity linked incentive programs. Key terms of the share repurchase program include:

* The maximum number of shares that the Company may purchase under the program is up to 9.96% of the outstanding shares, however limited to a total purchase of NOK 240 million.

* In accordance with the authorization from the AGM, the maximum price that can be paid per share is NOK 350.

* The share repurchase program period runs from February 5, 2025, and ends on the latest on the Annual General Meeting in 2025.

* No shares may be bought at a price higher than the greater of the share price of the latest independent trade or the highest current independent offer price at Oslo Børs at the time of the trade.

* The maximum number of shares in the Company which may be purchased on each trading day corresponds to maximum 20% of the average daily trading volume of the Company for that day.

Transactions will be conducted in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation") as further set out i.a. in the Norwegian Securities Trading Act of 2007 and the Oslo Stock Exchange's Guidelines for buy-back programs and price stabilization dated February 2021.

For questions: Pål Elstad, Chief Financial Officer Mobile: (+47) 99 166 293

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

This stock exchange announcement was published by Kine-Elena Reigstad, VP International Finance, on February 5, 2025 at 07.15 CET.