Elliptic Laboratories ASA — Director's Dealing 2026

Mar 27, 2026

Elliptic Labs Mandatory notification of trades

Elliptic Labs Mandatory notification of trades

Oslo, Norway --- Reference is made to the stock exchange announcement by

Elliptic Laboratories ASA (the "Company") on 5 March 2026 regarding the

successful placement of new shares (the "Offer Shares") in the Company at a

price per Offer Share of NOK 2.85, raising gross proceeds of approximately NOK

60 million (the "Private Placement") and the minutes from the extraordinary

general meeting held today, 27 March 2026 (the "EGM").

In the second tranche of the Private Placement, as resolved by the EGM, the

following primary insiders of the Company and closely associated entities were

allocated Offer Shares for a total amount of approx. NOK 5.7 million:

* Alden AS, a company closely associated with Edvin Austbø (Board member), has

been allocated 1,473,684 Offer Shares equal to approx. NOK 4.2 million;

* Svenn-Tore Larsen (Chairperson of the Board) has been allocated 350,877

Offer Shares equal to approx. NOK 1 million;

* Svein-Egil Nielsen (Board member) has been allocated 35,087 Offer Shares

equal to approx. NOK 100,000;

* Ingrid Elvira Leisner (Board member) has been allocated 35,087 Offer Shares

equal to approx. NOK 100,000;

* Berit Svendsen (Board member) has been allocated 35,087 Offer Shares equal

to approx. NOK 100,000;

* TS Vekst AS, company closely associated with Ola Tviberg Sandstad (CEO), has

been allocated 35,087 Offer Shares equal to approx. NOK 100,000; and

* Mathias Norderud (CFO) has been allocated 35,087 Offer Shares equal to

approx. NOK 100,000.

Please see further details about the transactions in the attached PDMR forms.

For more information, please contact:

CEO Ola Tviberg Sandstad, ola.sandstad@ellipticlabs.com

CFO Mathias Norderud, mathias.norderud@ellipticlabs.com

About Elliptic Labs

Elliptic Labs is a global Edge AI company delivering trusted, low-power

on-device sensing at scale. Our AI Virtual Smart Sensor PlatformTM enables

intelligent, always-on contextual awareness directly on devices --- without

the need for additional hardware or continuous cloud processing.

Deployed in over 500 million devices worldwide, our platform powers

software-defined sensing across a broad range of consumer and enterprise

products. By executing compact neural networks directly on-device, our

technology delivers adaptive, real-time sensing that preserves user privacy

while minimizing power consumption.

For more than a decade, Elliptic Labs has specialized in efficient neural

network execution using proprietary runtimes and custom-built sensing models

optimized for real-world environments. Built on balanced, self-collected

datasets and engineered to operate across diverse hardware architectures, our

AI Virtual Smart Sensors enable seamless integration across product

generations and device categories.

Our solutions enhance security, personalization, productivity, and user

experience --- forming a scalable foundation for the next generation of

AI-enabled devices. Headquartered in Norway, with a presence in the USA,

China, South Korea, Taiwan, and Japan, Elliptic Labs is listed on the Oslo

Stock Exchange. All technology and intellectual property are developed in

Norway and are solely owned by the company, ensuring independence and

long-term innovation.

This information is subject to the disclosure requirements pursuant to article

19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian

Securities Trading Act.