Elliptic Laboratories ASA — Proxy Solicitation & Information Statement 2026

Mar 6, 2026

Elliptic Labs: Notice of Extraordinary General Meeting

Elliptic Labs: Notice of Extraordinary General Meeting

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

Elliptic Laboratories ASA (OSE: ELABS) (the "Company") on 5 March 2026

regarding the successfully placed private placement of new shares (the

"Private Placement") and potential subsequent offering (the "Subsequent

Offering").

The Company hereby convenes an extraordinary general meeting to be held on 27

March 2026 at 10:00 CET (the "EGM").

The Company's board of directors (the "Board") has proposed that the EGM

approves the issue of 10,522,500 new shares under tranche two of the Private

Placement. Furthermore, the Board has proposed an authorisation to increase

the Company's share capital for the purposes of the Subsequent Offering and

the renewal of a 10% authorisation to increase the share capital, as granted

by the Company's annual general meeting held on 21 May 2025. Please refer to

the notice of the EGM for further information.

The notice of the EGM is appended hereto and is also available at the

Company's website: www.ellipticlabs.com.

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 Section

5-12 of the Norwegian Securities Trading Act.