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

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 Platform™ 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.

Attachments

Elliptic Labs – Exercise of options under the share option program, share capital increase, and mandatory notification of trade Elliptic Labs Notification Of Transaction By Primary Insider