Elliptic Laboratories ASA — Director's Dealing 2022

Aug 9, 2022

Correction: Elliptic Labs Mandatory notification of trade

Correction: Elliptic Labs Mandatory notification of trade

Due to an anomaly, there was an incorrect reference to a private placement.

The transactions have been carried out in the open market Tuesday 9th of

August.

Oslo, Norway The following close associate to primary insider have carried

out the following transactions:

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

his immediate family, has acquired 170 000 shares for an aggregate

subscription price of approximately NOK 3.3 million. After the transaction,

Passesta AS and Tore Engebretsen own 12 450 480 shares, equal to approximately

11.96 % of the Company's shares and votes.

See the enclosed forms for further details about the transactions.

Contacts

Investor Relations:

Lars Holmøy

Lars.Holmoy@ellipticlabs.com (mailto:Lars.Holmoy@ellipticlabs.com)

PR Contact:

Patrick Tsui

pr@ellipticlabs.com (mailto: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 2022-08-09 16:45 CEST.

Attachments

Elliptic Labs Mandatory notification of trade

(https://storage.mfn.se/bfa6ba17-a114-4696-992d-a6ffe4adaa30/elliptic-labs-mandatory-notification-of-trade.pdf)

Skjema For Melding Om Transaksjoner Utført Av Personer Med Ledelsesansvar

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

(https://storage.mfn.se/48538a5c-933d-4541-a1c2-b2f365d013d7/skjema-for-melding-om-transaksjoner-utfort-av-personer-med-ledelsesansvar-primaerinnsidere-og-deres-naerstaende-krt-1500.pdf)