Elliptic Laboratories ASA — Director's Dealing 2022

Dec 15, 2022

Elliptic Labs Mandatory notification of trade by close associate

Elliptic Labs Mandatory notification of trade by close associate

Oslo, Norway: The following close associate to a primary insider has carried

out the following transaction:

Passesta AS, a company owned by the chairman of the board Tore Engebretsen and

his immediate family, has purchased 120 000 shares in Elliptic Laboratories

ASA at a price of NOK 20.86 per share, equal to an aggregate amount of

approximately NOK 2.5 million. After the transaction, Passesta AS and Tore

Engebretsen own 12 800 480 shares in Elliptic Labs, equal to approximately

12.3% of the shares and votes.

See the enclosed form for further details about the transaction.

Contacts

Investor Relations:

Lars Holmøy

Lars.Holmoy@ellipticlabs.com

PR Contact:

Patrick Tsui

pr@ellipticlabs.com

About Elliptic Labs

Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT,

and automotive markets. Founded in 2006 as a research spin-off from Norway s

Oslo University, the company s patented software uses AI, ultrasound, and

sensor-fusion to create AI Virtual Smart Sensors that deliver intuitive 3D

gesture-, proximity-, presence-, breathing-, and heartbeat -detection

experiences. Its scalable AI Virtual Smart Sensor PlatformTM creates

software-only sensors that are sustainable, human-friendly, and already

deployed in hundreds of millions of devices around the world. Elliptic Labs is

the only software company that has delivered detection capabilities using AI

software, ultrasound, and sensor-fusion deployed at scale. The company is

listed on the Oslo Børs.

Elliptic Labs is headquartered in Norway with presence in the USA, China,

South -Korea, Taiwan, and Japan. Its technology and IP are developed in Norway

and are solely owned by the company.

This information has been submitted pursuant to the Securities Trading Act §

5-12 and MAR Article 19 no. 3. The information was submitted for publication

at 2022-12-15 14:18 CET.

Attachments

Skjema For Melding Om Transaksjoner Utført Av Personer Med Ledelsesansvar

(«primærinnsidere») Og Deres Nærstående (KRT 1500)

Elliptic Labs -- Mandatory notification of trade by close associate