Elmera Group ASA

Share Issue/Capital Change • Feb 13, 2025

Elmera Group ASA: Exercise of employee share options

Elmera Group ASA: Exercise of employee share options

Exercise of employee share options in Elmera Group ASA ("the Company").

Employees in the Company have on 13 February 2025 exercised 54 000 options. The options had an average strike price of NOK 17.17. Each share option corresponds to one share. The company's liability with respect to the scheme will be met through existing holdings of treasury shares. As of 13 February 2025, Elmera Group ASA holds 5 182 021 treasury shares.

The payment has been determined based on a selling price of NOK 32.9272.

2. Options exercised by primary insiders 13 February 2025:

Arnstein Flaskerud has exercised 20 000 options in the Company, corresponding to

20 000 shares at the strike price of NOK 17,00.

Roger Finnanger has exercised 20 000 options in the Company, corresponding to

20 000 shares at the average strike price of NOK 17,50.

3. Transfer of rights

13 February 2025, the primary insiders mentioned above transferred the rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined based on the price subsequently obtained by the third party when selling the shares in the market. The payment has been determined based on a selling price of NOK 32.9272

4. New holding

After exercising options, Arnstein Flaskerud holds 120 000 unexercised options in the Company, corresponding to 120 000 shares. After completion of the abovementioned transactions, the primary insider holds 50 760 shares in the Company.

After exercising options, Roger Finnanger holds 120 000 unexercised options in the Company, corresponding to 120 000 shares. After completion of the abovementioned transactions, the primary insider holds 3 378 shares in the Company.

For further information, contact:

Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526