Elmera Group ASA

Remuneration Information • May 8, 2024

Elmera Group ASA: Exercise of employee share options

Elmera Group ASA: Exercise of employee share options

Exercise of employee share options in Elmera Group ASA ("the Company").

Employees in the Company have on 8 May 2024 exercised 73 334 options. The options had an average strike price of NOK 17.00. Each share option corresponds to one share. The company's liability with respect to the scheme will be met through existing holdings of treasury shares. As of 8 May 2024, Elmera Group ASA holds 5 303 689 treasury shares.

The payment has been determined based on a selling price of NOK 32.6182.

2. Options exercised by primary insiders 8 May 2024:

Rolf Barmen has exercised 40 000 options in the Company, corresponding to 40 000 shares at the strike price of NOK 17.00.

Solfrid Aase has exercised 10 000 options in the Company, corresponding to 10 000 shares at the strike price of NOK 17.00.

3. Transfer of rights

8 May 2024, the primary insider mentioned above transferred the rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. The payment has been determined based on a selling price of NOK 32.6182.

4. New holding

After exercising options, Rolf Barmen holds 210 000 unexercised options in the Company, corresponding to 210 000 shares. After completion of the abovementioned transactions, the primary insider holds 79,052 shares in the Company.

After exercising options, Solfrid Aase holds 120 000 unexercised options in the Company, corresponding to 120 000 shares. After completion of the abovementioned transactions, the primary insider holds 11,156 shares in the Company.

For further information, contact:

Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526