Elliptic Laboratories ASA - Director's Dealing 2023

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: J12 Invest AS, a company owned by the CFO Lars

Holmøy, has purchased 20 000 shares in Elliptic Laboratories ASA at a price of

NOK 14.50 per share, equal to an aggregate amount of approximately NOK 290

000. After the transaction, J12 Invest AS and Lars Holmøy own 57 420 shares in

Elliptic Labs, and 1 192 500 options. See the enclosed form for further

details about the transaction.

Contacts

Investor Relations:

Lars Holmøy

PR Contact:

Patrick Tsui

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 2023-09-13 20:45 CEST.

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