Ensurge Micropower ASA - Grant of Incentive Subscription Rights

The Board of Directors of Ensurge Micropower ASA (the Company) has resolved to grant a total of 800,000 incentive subscription rights to new employees of Ensurge Micropower, Inc. under the Company's 2026 Subscription Rights Incentive Plan, as resolved at the Annual General Meeting on 15 May 2026.

The exercise price of the subscription rights is NOK 0.57 per share.

The subscription rights granted to new employees will become vested over four years from the date of hire with a one-year cliff such that no subscription rights vest until after the first 12 months, at which time 25% of the subscription rights shall vest immediately, with the remaining subscription rights vesting thereafter in equal quarterly increments.

The vested subscription rights shall be exercisable until 15 May 2031.

The subscription rights otherwise follow the terms and conditions of the 2026 Subscription Rights Incentive Plan.

For more information, please contact: ir@ensurge.com

Ensurge Micropower develops ultra-thin, flexible solid-state lithium micro batteries that enable next-generation electronic devices. The company's proprietary platform is designed to deliver safe, high-performance energy storage in space-constrained applications across medical devices, hearables, wearables, industrial systems, and defense. Ensurge Micropower ASA is listed on the Oslo Stock Exchange under the ticker ENSU.