Elliptic Laboratories ASA - Director's Dealing 2024

Elliptic Labs Sale of shares issued under share option program, mandatory notification of trade

Oslo, Norway --- Elliptic Labs (OSE: ELABS): Reference is made to the stock

exchange notice on 24 May 2024 regarding exercise of options under the share

option program of Elliptic Laboratories ASA ("Elliptic Labs" or the

"Company").

Pursuant to the sales process conducted by a third party for the shares issued

upon the exercise of share options, the primary insider Espen Klovning, EVP of

Engineering, has sold 300,000 shares at a price of NOK 13.3047 per share and

primary insider Åslaug Tveiterås, VP of People, has sold 33,333 shares at a

price of NOK 13.3047 per share. See the enclosed forms for further details

about the transactions.

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 2024-06-05 20:30 CEST.

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