Elliptic Laboratories ASA - Director's Dealing 2023

Elliptic Labs Mandatory notification of trade by primary insider

Oslo, Norway --- The following primary insider has carried out the following

transaction:

Laila Danielsen, CEO, has sold 250 000 shares in Elliptic Laboratories ASA at

a price of NOK 22.83, equal to an aggregate amount of approximately NOK 5.71

million. After the transaction, Laila Danielsen owns 4 374 150 shares in

Elliptic Labs, equal to approximately 4.2% of the shares and votes.

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 2023-01-06 17:06 CET.

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