Huddly AS — AGM Information 2023

Dec 6, 2023

UNOFFICIAL OFFICE TRANSLATION. IN CASE OF ANY DISCREPANCIES THE NORWEGIAN VERSION SHALL PREVAIL.

PROTOKOLL FRA EKSTRAORDINÆR GENERALFORSAMLING I HUDDLY AS

Den 6. desember 2023 kl. 12.00 (CET) ble det avholdt en ekstraordinær generalforsamling i Huddly AS, org.nr. 913 292 049, ("Selskapet"). Generalforsamlingen ble avholdt som et hybridmøte i lokalene til Advokatfirmaet Simonsen Vogt Wiig AS, med adresse Filipstad brygge 1, 0252 Oslo, hvor aksjeeierne fikk mulighet til å delta både fysisk og elektronisk via Teams.

1. Åpning av generalforsamlingen og opptak av fortegnelse over møtende aksjeeiere og fullmakter

Generalforsamlingen ble åpnet av styreleder Jostein Devold. DNB Bank ASA Verdipapirservice, representert ved Freddy Hermansen, opptok fortegnelse over møtende aksjeeiere. Fortegnelsen, inkludert antall aksjer og stemmer representert, er inntatt som Vedlegg 1 til protokollen.

I henhold til fortegnelsen var 102 267 230 av totalt 211 028 032 utstedte stemmeberettigede aksjer, som tilsvarer 48,46 % av det totale antall stemmeberettigede aksjer i Selskapet, representert på generalforsamlingen.

I tillegg møtte:

• Graham Williams (CEO)
• Abhijit Banik (CFO)
• Amund Fougner Bugge (Simonsen Vogt Wiig)
• Ingrid Wiedswang Sigholt (Simonsen Vogt Wiig)
• Freddy Hermansen (DNB Bank ASA Verdipapirservice)

2. Valg av møteleder og en representant til å medundertegne protokollen

Jostein Devold ble enstemmig valgt til å lede møtet. Amund Fougner Bugge ble enstemmig valgt til å undertegne protokollen sammen med møteleder.

3. Godkjennelse av innkallingen og dagsorden 3. Approval of the notice and agenda

MINUTES OF EXTRAORDINARY GENERAL MEETING IN HUDDLY AS

On 6 December 2023 at 12:00 (CET), an extraordinary general meeting was held in Huddly AS, reg. no. 913 292 049, (the "Company"). The general meeting was held as a hybrid meeting in the offices of Advokatfirmaet Simonsen Vogt Wiig AS, at their address Filipstad brygge 1, 0252 Oslo, where the shareholders were offered to participate either in person or electronically via Teams.

Følgende saker ble behandling: The following matters were on the agenda:

1. Opening of the general meeting and registration of attending shareholders and proxies

The general meeting was opened by the chair of the board of directors, Jostein Devold. DNB Bank ASA Registrars Department, represented by Freddy Hermansen, made a record of attending shareholders. The record, including the number of shares and voting rights represented, is attached to these minutes as Appendix 1.

According to the record, 102,267,230 of a total of 211,028,032 issued shares with voting rights, corresponding to 48.46% of the total number of voting shares in the Company, were represented at the general meeting.

Other participants:

• Graham Williams (CEO)
• Abhijit Banik (CFO)
• Amund Fougner Bugge (Simonsen Vogt Wiig)
• Ingrid Wiedswang Sigholt (Simonsen Vogt Wiig)
• Freddy Hermansen (DNB Bank ASA Registrars Department)

2. Election of chair of the meeting and a representative to co-sign the minutes

Jostein Devold was unanimously elected to chair the meeting. Amund Fougner Bugge was unanimously elected to co-sign the minutes with the meeting chair.

Innkallingen og dagsorden ble enstemmig godkjent. The notice and agenda for the general meeting were unanimously approved.

I samsvar med styrets forslag traff generalforsamlingen følgende vedtak, som var enstemmig:

• (i) Aksjekapitalen økes med NOK 162 500 ved utstedelse av 260 000 000 nye aksjer, hver pålydende NOK 0,000625.
• (ii) Tegningskursen for de nye aksjene er NOK 0,5 per aksje. Av det totale provenyet på NOK 130 000 000 skal NOK 129 837 500 allokeres til overkurs.
• (iii) De nye aksjene skal tegnes av Pareto Securities AS ("Tilrettelegger") på vegne av / etter fullmakt fra investorene som er allokert aksjer i plasseringen og iht. Tilretteleggers forhåndsbetaling av kontantinnskuddet på NOK 130 000 000 til en angitt konto for emisjonsformål. Aksjene skal videreformidles iht. DVPprinsippet av Tilrettelegger til de investorer som har fått tildelt aksjene.
• (iv) Aksjeeiernes fortrinnsrett etter aksjeloven § 10-4 fravikes, jf. aksjeloven § 10-5.
• (v) Aksjene skal tegnes på særskilt tegningsblankett innen 6. desember 2023.
• (vi) Aksjeinnskuddet skal gjøres opp ved kontantbetaling så snart som mulig og innen 7. desember 2023. Selskapet kan ikke benytte aksjeinnskuddet før kapitalforhøyelsen er registrert i Foretaksregisteret.
• (vii) Aksjene gir fulle rettigheter, herunder rett til utbytte, fra og med datoen kapitalforhøyelsen registreres i Foretaksregisteret.
• (viii) Utgiftene ved kapitalforhøyelsen estimeres til å utgjøre omkring NOK 7 500 000.
• (ix) Vedtektenes § 4 endres slik at de reflekterer ny aksjekapital og nytt antall aksjer etter kapitalforhøyelsen.

4. Kapitalforhøyelse i forbindelse med rettet emisjon 4. Share capital increase in connection with private placement

In accordance with the board of directors' proposal, the general meeting passed the following resolution, which was unanimous:

• (i) The share capital is increased with NOK 162,500 by issuance of 260,000,000 new shares, each with a nominal value of NOK 0.000625.
• (ii) The subscription price for the new shares shall be NOK 0.5 per share. Of the total proceeds of NOK 130,000,000, NOK 129,837,500 shall be allocated as share premium.
• (iii) The new shares shall be subscribed for by Pareto Securities AS (the "Manager") on behalf of / based on power of attorney from the investors having been allocated shares in the placement and in accordance with the Manager's prepayment of the NOK 130,000,000 in cash to a designated account for share capital increase purposes. The shares shall be forwarded based on a DVP principle by the Manager to the investors having been allocated the shares.
• (iv) The existing shareholders' preferential right to subscribe for shares pursuant to Section 10-4, cf. Section 10-5 of the Norwegian Private Limited Liability Companies Act (the "Companies Act") is set aside.
• (v) The shares shall be subscribed for on a separate subscription form within 6 December 2023.
• (vi) The subscription amount shall be settled by cash payment as soon as possible and within 7 December 2023. The Company may not use the subscription amount before the share capital increase is registered in the Norwegian Register of Business Enterprises.
• (vii) The shares give full rights, including rights to dividends, from and including the date of registration of the capital increase in the Norwegian Register of Business Enterprises.
• (viii) The expenses related to the share capital increase are estimated to amount to approximately NOK 7,500,000.
• (ix) Article 4 of the articles of association is amended to reflect the new share capital and the new number of shares after the capital increase.

5. Styrefullmakt til utstedelse av nye aksjer i forbindelse med en etterfølgende reparasjonsemisjon

I samsvar med styrets forslag traff generalforsamlingen følgende vedtak, som var enstemmig:

- (i) I henhold til aksjeloven § 10-14 tildeles styret fullmakt til å forhøye Selskapets aksjekapital med inntil NOK 37 500 ved en eller flere kapitalforhøyelser.

• (iii) Aksjeeiernes fortrinnsrett til de nye aksjene etter aksjeloven § 10-4 kan settes til side, jf. aksjeloven § 10-5.
• (iv) Fullmakten omfatter ikke kapitalforhøyelse mot innskudd i andre eiendeler enn penger mv., jf. aksjeloven § 10-2. Fullmakten omfatter heller ikke kapitalforhøyelse ved fusjon etter aksjeloven § 13-5.
• (v) Fullmakten er betinget av at Selskapets generalforsamling den 6. desember 2023 vedtar en kapitalforhøyelse med et aksjeinnskudd på NOK 130 000 000.
• (vi) Fullmakten kommer i tillegg til fullmakt gitt i ordinær generalforsamling den 22. juni 2023.
  • * * * * * *

* * * * * *

__________________________________________

Jostein Devold Møteleder / Chair of the meeting

• 1. Fortegnelsen over møtende aksjeeiere, inkludert antall aksjer og stemmer representert
• 1. Stemmeresultater

5. Authorization to the board of directors on issuance of new shares in connection with a subsequent offering

In accordance with the board of directors' proposal, the general meeting passed the following resolution, which was unanimous:

• (i) In accordance with section 10-14 of the Companies Act, the board is granted an authorization to increase the Company's share capital with up to NOK 37,500 in one or several share capital increases.
• (ii) Fullmakten gjelder inntil 30. juni 2024. (ii) The authorization shall remain in force until 30 June 2024.
  • (iii) The pre-emptive right of the shareholders to subscribe for the shares pursuant to Section 10-4 of the Companies Act, may be set aside, cf. Section 10-5 of the Companies Act.
  • (iv) The authorization does not cover capital increases by contributions in assets other than cash, cf. Section 10-2 of the Companies Act. Further, the authorization does not cover merger decisions according to Section 13-5 of the Companies Act.
  • (v) The authorization is conditional upon the Company's general meeting on 6 December 2023 resolving a share capital increase with a share contribution of NOK 130,000,000.
  • (vi) The authorization shall apply in addition to the authorization given in the annual general meeting on 22 June 2023.

Det var ingen flere saker til behandling, og møtet ble hevet. No further matters were on the agenda, and the meeting was adjourned.

1. desember 2023 / 6 December 2023

__________________________________________

Amund Fougner Bugge Medundertegner / Co-signer

Vedlegg: Appendices:

• 1. Record of attending shareholders, including the number of shares and votes represented
• 1. Voting results

Total Represented

ISIN:	NO0010776990 HUDDLY AS
General meeting date: 06/12/2023 12.00
. Today:	06.12.2023

Number of persons with voting rights represented/attended : 14

	Number of shares	0/0 SC
Total shares	216,328,048
- own shares of the company	5,300,016
Total shares with voting rights	211,028,032
Represented by own shares	25,634,419	12.15 %
Represented by advance vote	8,446,005	4.00 %
Sum own shares	34,080,424	16.15 %
Represented by proxy	45,702,265	21.66 %
Represented by voting instruction	22,484,541	10.66 %
Sum proxy shares	68,186,806	32.31 %
Total represented with voting rights	102,267,230 48.46 %
Total represented by share capital	102,267,230	47.27 %

Registrar for the company:

DNB Bank ASA

Signature company:

HUDDLY AS

Protocol for general meeting HUDDLY AS

ISIN:	NO0010776990 HUDDLY AS
General meeting date: 06/12/2023 12.00
Today:	06.12.2023

Shares class	For	Against Poll in				Abstain Poll not registered Represented shares with voting rights
Agenda item 2 Election of chair of the meeting and a representative to co-sign the minutes
Ordinær	102,267,230	0	102,267,230	O	0	102,267,230
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	47.27 %	0.00 %	47.27 %	0.00 %	0.00 %
Total	102,267,230	o	102,267,230	0	0	102,267,230
Agenda item 3 Approval of the notice and agenda
Ordinær	102,267,230	O	102,267,230	0	0	102,267,230
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0-00 %
total sc in %	47.27 %	0.00 %	47.27 %	0.00 %	0.00 %
Total	102,267,230	O	102,267,230	O	0	102,267,230
Agenda item 4 Share capital increase in connection with private placement
Ordinær	102,267,230	O	102,267,230	O	0	102,267,230
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	47.27 %	0.00 %	47.27 %	0.00 %	0.00 %
Total	102,267,230	o	102,267,230	0	0	102,267,230
Agenda item 5 Authorization to the board on issuance of new shares in connection with the subsequent offering
Ordinær	102,267,230	O	102,267,230	0	0	102,267,230
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	47.27 %	0.00 %	47.27 %	0.00 %	0.00 %
Total	102,267,230	0	102,267,230	0	0	102,267,230

Registrar for the company:

Signature company:

DNB Bank ASA

HUDDLY AS

Share information

	Name Total number of shares Nominal value Share capital Voting rights
Ordinær	216,328,048	0.00	134,123,39 Yes
Sum:

§ 5-17 Generally majority requirement

requires majority of the given votes

§ 5-18 Amendment to resolution

Requires two-thirds majority of the given votes like the issued share capital represented/attended on the general meeting