Zaptec AS — Share Issue/Capital Change 2021

Nov 24, 2021

Zaptec AS: Share capital increase

Zaptec AS: Share capital increase

Stavanger, Norway, 24 November 2021 - Reference is made to the stock exchange notice published by Zaptec AS (the "Company") dated 22 November 2021 where it was announced that the Company's CTO, Knut Braut, had exercised a total for 300,000 share options.

As a result of the option exercise, the board of directors of the Company has today resolved to issue 300,000 new shares, at an average subscription price of NOK 8.6667 per share. The new shares are issued pursuant to the authorisation provided to the board of directors at the annual general meeting in 2021.

The share capital is increased by NOK 1,875.00 by subscription of 300,000 new shares with a nominal value of NOK 0.00625 per share. The total subscription amount is NOK 2,600,000, whereas NOK 2,598,125.00 is share premium.

Following the share capital increase, the Company will have a share capital of NOK 476,935.4875 divided into 76,309,678 shares, each with a nominal value of NOK 0.00625.

The share capital increase will be duly registered in the Norwegian Register of Business Enterprises.

For more information:

Anders Thingbø, CEO, Zaptec AS Tel: +47 934 88 385, e-mail: at@zaptec.com

Kurt Østrem, CFO, Zaptec AS Tel: +47 404 04 700, e-mail: kurt@zaptec.com

About Zaptec: Zaptec AS is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.