Elliptic Laboratories ASA — Director's Dealing 2023

Jul 14, 2023

Elliptic Labs Exercise of options under the share option program, share capital increase, and mandatory notification of trade

Elliptic Labs Exercise of options under the share option program, share capital increase, and mandatory notification of trade

Following the exercise of share options by option holders under Elliptic

Laboratories ASA's ("Elliptic Labs" or the "Company") share option program,

the Company's board of directors has, based on the authorization granted by

the general meeting on 23 May 2023, resolved to increase the Company's share

capital by a total of NOK 4 825,00, by the issuance of an aggregate 482 500

new shares. 417 880 of the shares have a subscription price of NOK 15.00 per

share, and 19 620 of the shares have a subscription price of NOK 3.80 per

share.

Following registration of the share capital increases pertaining to the

issuances of new shares, the share capital will be NOK 1 045 567,10, divided

into 104 556 710 shares, each with a par value of NOK 0.01.

The primary insider Brian Daly (EVP Sales & Business Development) has

exercised 3 756 options, equalling 37 560 shares, under the share option

program at a price of NOK 15.00 per share. See the attached form for further

details about the transaction.

All the exercised options have been granted in accordance with the Company's

share option program described in the Company's latest annual financial

statements.

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 2023-07-14 17:05 CEST.