Pexip Holding

Share Issue/Capital Change • May 5, 2023

Pexip Holding ASA - Exercise of RSUs into shares

Pexip Holding ASA - Exercise of RSUs into shares

Oslo, Norway, 5 May, 2023: In accordance with the vesting plan for the Company's

RSU program, 8% of the RSUs granted under the RSU program have been exercisable

into shares on 5 May, 2023. The RSUs vested were converted from options to RSUs

in 2022 and are part of the Company's benefit scheme. Participants in the RSU

program have on 5 May, 2023 exercised a total of 193,912 RSUs. Other than the

nominal value of the shares, no payment is required by the RSU holder upon

exercise. A total of 2.2 million RSUs remain under the RSU program, which vest

and are exercisable over the next three years. In addition to the RSUs

exercised, 7,500 options were exercised at an average strike price of 14.5.

Following the exercise, 201,412 shares will be transferred from the Company's

holding of its own shares. After the transaction, Pexip Holding ASA holds

2,846,626 own shares.

This stock exchange announcement was published by Christine Arnesen, Investor

Relations, Pexip Holding ASA, on 5 May 2023.