Pexip Holding

Share Issue/Capital Change • May 25, 2021

Pexip - increase of share capital following exercise of employee share options

Pexip - increase of share capital following exercise of employee share options

Oslo, May 25, 2021: Following vesting and exercise of previously issued employee

options, the Board of Directors of Pexip Holding ASA ("Pexip" or the "Company",

Oslo Børs ticker "PEXIP", LEI 549300S79JFZK79XBI07) has today resolved, based on

authorization granted by the Company's general meeting held on May 20, 2021, to

issue 612,288 new shares for an aggregate subscription price of NOK

16,454,267.30. The shares have been subscribed for by various employee option

holders. Following the issuance of the new shares, Pexip will have 104,429,671

shares outstanding, each with a nominal value of NOK 0.015.

The following persons discharging managerial responsibility participated in the

exercise:

Odd Sverre Østlie (CEO) has subscribed for 50,000 shares at an average

subscription price of NOK 14.50 per share. Prior to the exercise he and Muzungu

Invest AS, which is controlled by Mr. Østlie held 361,729 shares, and after the

exercise, Mr. Østlie will hold 411,729 shares and rights to 110,000 shares

through himself and Muzungu Invest AS.

Øystein Hem (CFO) has subscribed for 25,000 shares at a subscription price of

NOK 31.18 per share. Prior to the exercise he held 66,068 shares, and after the

exercise, Mr. Hem will hold 91,068 shares and rights to 127,500 shares.

Giles Chamberlin (CTO) has subscribed for 180,000 shares at a subscription price

per share of NOK 38.00. Prior to the exercise he held 1,427,994 shares, and

rights to 240,000 shares.

Ingrid Woodhouse (Chief People Officer) has subscribed for 14,375 shares at an

average subscription price per share of NOK 29.22 per share. Prior to the

exercise she held 7,500 shares and rights to 50,000 shares.

John Harald Grønningen (President EMEA) has subscribed for 7,500 shares at an

average subscription price per share of NOK 14.50. Prior to the event he held

334,438 shares and after the exercise, Mr. Grønningen will hold 341,938 shares

and rights to 67,500 shares.

Pexip has arranged for the opportunity for employees to finance the strike

amount by a sale of some of the shares through a third party. Mr. Chamberlin and

Ms. Woodhouse has chosen to participate in this financing option. The sales

amount and the net number of shares obtained will be finally determined on the

basis of the price subsequently obtained in the market. The results of the sales

process will be announced in a separate stock exchange notice.

The information included in this announcement is such that the Company is

required to disclose in accordance with the EU Market Abuse Regulation (MAR) and

is publicly disclosed in accordance with MAR article 17 and section 5-12 of the

Norwegian Securities Trading Act. The announcement is made by the contact

person.

For further information, please contact:

Mirza Koristovic,  Director Investor Relations, IR@pexip.com, +47 93 87 05 25