Lokotech Group ASA — Capital/Financing Update 2026

Mar 30, 2026

Upcoming exercise period for the Warrants

Upcoming exercise period for the Warrants

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE

HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR

JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR

RELEASE WOULD BE UNLAWFUL.

Oslo, 27 March 2026: Reference is made to the stock exchange announcement

published by Lokotech Group AS (the "Company") on 2 June 2025, regarding,

amongst other things, delivery and listing of 54,908,272 warrants (the

"Warrants") to the subscribers in the rights issue where the Company raised

gross proceeds of approx. NOK 139 million. The Warrants are listed and

tradeable on Euronext Growth Oslo under the ticker code "LOKOS".

The exercise period for the Warrants will commence on 1 April 2026 at 09:00

(CEST) and end on 15 April 2026 at 16:30 (CEST). The last day of trading for

the Warrants will be 9 April 2026. The Warrants will hence only be tradeable

during part of the exercise period. Warrants which are not sold within 16:30

(CEST) on 9 April 2026 or exercised within 16:30 (CEST) on 15 April 2026 will

lapse with no compensation to the holders.

Each Warrant gives the holder a right to subscribe for one new share in the

Company at an exercise price per share equal to the greater of (a) a 35%

discount to the volume-weighted average price (VWAP) of the Company's shares

on Euronext Growth Oslo over the last three trading days (i.e., 27 March, 30

March and 31 March 2026) prior to the first date on which the holder can

exercise the Warrants (i.e., 1 April 2026); and (b) NOK 0.5130. The exercise

price will thus be finally determined, and communicated through a separate

stock exchange notice published by the Company, after close of trading on

Euronext Growth Oslo on 31 March 2026.

Further information on the exercise procedure for the Warrants will be

communicated by the Company through a separate stock exchange notice prior to

the start of the exercise period.

Holders of Warrants may either sell the Warrants or use them to subscribe for

shares in the Company within the exercise period stated above.

For more information pertaining to the Warrants, please see the Prospectus,

which is, subject to applicable local securities laws, available at websites

of the Company: www.lokotechgroup.com/prospectus

Pareto Securities AS is acting as manager in connection with the exercise

period for the Warrants (the "Manager"). Advokatfirmaet Arntzen AS is acting

as legal counsel to the Company.

For more information, please contact:

CEO, Ola Stene-Johansen, email osj@lokotech.no

IMPORTANT NOTICE

These materials are not and do not form a part of any offer of securities for

sale, or a solicitation of an offer to purchase, any securities of the Company

in the United States or any other jurisdiction. Copies of these materials are

not being made and may not be distributed or sent into any jurisdiction in

which such distribution would be unlawful or would require registration or

other measures.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and accordingly may not be offered or sold in the United States absent

registration or an applicable exemption from the registration requirements of

the Securities Act and in accordance with applicable U.S. state securities

laws. Any sale in the United States of the securities mentioned herein will be

made solely to "qualified institutional buyers" (QIBs) as defined in Rule 144A

under the Securities Act, pursuant to an exemption from the registration

requirements under the Securities Act, as well as to major U.S. institutional

investors under SEC Rule 15a-6 to the United States Exchange Act of 1934, as

amended.

This communication contains certain forward-looking statements concerning

future events, including possible issuance of equity securities of the

Company. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "expect",

"anticipate", "strategy", "intends", "estimate", "will", "may", "continue",

"should" and similar expressions. The forward-looking statements in this

communication are based upon various assumptions, many of which are based, in

turn, upon further assumptions. The Company believes that these assumptions

were reasonable when made. However, these assumptions are inherently subject

to significant known and unknown risks, uncertainties, contingencies and other

important factors which are difficult or impossible to predict and are beyond

its control. Such risks, uncertainties, contingencies and other important

factors include the possibility that the Company will determine not to, or be

unable to, issue any debt, hybrid or equity securities, and could cause actual

events to differ materially from the expectations expressed or implied in this

release by such forward-looking statements. The Company does not make any

guarantee that the assumptions underlying the forward-looking statements in

this announcement are free from errors. The information, opinions and

forward-looking statements contained in this communication speak only as at

its date and are subject to change without notice.

Each of the Company, the Manager and their respective affiliates disclaims any

obligation or undertaking to update, review or revise any statement contained

in this communication whether as a result of new information, future

developments or otherwise. Neither the Manager nor any of its affiliates makes

any representation as to the accuracy or completeness of this announcement and

none of them accepts any liability arising from the use of this announcement

or responsibility for the contents of this announcement or any matters

referred to herein. This announcement is for information purposes only and is

not to be relied upon in substitution for the exercise of independent

judgment. It is not intended as investment advice and under no circumstances

is it to be used or considered as an offer to sell, or a solicitation of an

offer to buy any securities or a recommendation to buy or sell any securities

of the Company. Certain figures contained in this announcement, including

financial information, have been subject to rounding adjustments. Accordingly,

in certain instances, the sum or percentage change of the numbers contained in

this announcement may not conform exactly with the total figure given.

The distribution of this announcement and other information may be restricted

by law in certain jurisdictions. Persons into whose possession this

announcement or such other information should come are required to inform

themselves about and to observe any such restrictions. Any failure to comply

with these restrictions may constitute a violation of the securities laws of

any such jurisdiction. Specifically, neither this announcement nor the

information contained herein is for publication, distribution or release, in

whole or in part, directly or indirectly, in or into or from the United States

(including its territories and possessions, any state of the United States and

the District of Columbia), Australia, Canada, Hong Kong, Japan or any other

jurisdiction where to do so would constitute a violation of the relevant laws

of such jurisdiction.