Nordic Semiconductor

Remuneration Information • Feb 28, 2018

Grant of Share Options

Grant of Share Options

With reference to the Annual General Meeting on April 24th, 2017, Nordic Semiconductor has on the 27th February 2018 granted 1,477,400 share options to employees and primary insiders. On the AGM the Company was given the approval to issue up to 1.7 million options in 2018, equivalent to approximately 1% of the outstanding share capital in options to all employees.

According to the approval, the option scheme has a long term element as options are exercisable over a three-year period and expire after five years. The options were granted at a strike price of NOK 47,27 (10% above volume weighted average share price the week following Q4 2017 results). If the company's share price exceeds a cap of NOK 141.81, the company may settle the option grant by compensating the employee the difference between the cap and the strike price.

Please refer to the minutes of the December 8th, 2015 EGM for further details of the option plan.

Primary insiders in Nordic Semiconductor have received the following options grants, according to the terms described above:

Chief Executive Officer Svenn-Tore Larsen has been granted 62,000 share options. Following this transaction, he holds 1,890,400 shares and 193,150 options in the Company.

Chief Financial Officer Pål Elstad has been granted 42,000 share options. Following this transaction, he holds 3,846 shares and 129,608 options in the Company.

Chief Technology Officer Svein-Egil Nielsen has been granted 42,000 share options. Following this transaction, he holds 15,000 shares and 129,608 options in the Company.

Sales and Marketing Director Geir Langeland has been granted 42,000 share options. Following this transaction, he holds 177,700 shares and 129,608 options in the Company.

Supply Chain Director Ole-Fredrik Morken has been granted 42,000 share options. Following this transaction, he holds 160,000 shares and 129,608 options in the Company.

Director of Strategy and IR Thomas Embla Bonnerud has been granted 42,000 share options. Following this transaction, he holds 7,420 shares and 93,804 options in the Company.

Quality Director Ebbe Rømcke has been granted 21,000 share options. Following this transaction, he holds 68,900 shares and 64,542 options in the Company.

Group Accounting Manager Irene Eilertsen has been granted 4,600 share options. Following this transaction, she holds 15,069 options in the Company.

Business Analyst Thomas Larsen has been granted 3,750 share options. Following this transaction, he holds 10,751 options in the Company.

Group Financial Controller Kine-Elena Reigstad has been granted 4,600 share options. Following this transaction, she holds 4,600 options in the Company.

Employee Board member Joakim Ferm has been granted 5,100 share options. Following this transaction, he holds 14,552 options in the Company.

Employee Board member Jon Helge Nistad has been granted 3,000 share options. Following this transaction, he holds 10,001 options in the Company.

Employee Board member Asbjørn Sæbø has been granted 5,100 share options. Following this transaction, he holds 10,000 shares and 12,101 options in the Company.

For more information, please contact:

Pål Elstad, Chief Financial Officer. +47 991 66 293