NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Oslo, 10 January 2024: Reference is made to the stock exchange announcement
published by Huddly AS ("Huddly" or the "Company", ticker: HDLY) on 21 November
2023 (the "Announcement") regarding the successful placement of 260,000,000 new
shares in the Company (the "Private Placement") and the contemplated subsequent
repair offering (the "Subsequent Offering") of up to 60,000,000 new shares in
the Company (the "Offer Shares").

The board of directors of the Company (the "Board") has today resolved to launch
the Subsequent Offering, comprising an offer of up to 60,000,000 Offer Shares in
the Company at a subscription price of NOK 0.50 per share (the "Subscription
Price"), raising gross proceeds of up to NOK 30,000,000.

Subject to timely registration of the Prospectus (as defined below), the
subscription period for the Subsequent Offering will commence on 15 January 2024
and expire on 24 January 2024 at 16:30 hours CET (the "Subscription Period").

The Subsequent Offering is, subject to applicable laws, directed toward
shareholders in the Company as of 21 November 2023, as registered in Euronext
Securities Oslo ("VPS"), on 23 November 2023 (the "Record Date"), who (i) were
not allocated shares in the Private Placement, (ii) do not have a pro rata share
of the Private Placement which is equal to or higher than the minimum order and
allocation in the Private Placement (0.90% of the shares outstanding in the
Company prior to the Private Placement), (iii) were not included in the
wall-crossing phase in the Private Placement, and (iv) are not resident in a
jurisdiction where such offering would be unlawful or, for jurisdictions other
than Norway, that would require any prospectus, filing, registration or similar
actions (the "Eligible Shareholders").

Eligible Shareholders will be granted non-tradeable subscription rights (the
"Subscription Rights") that, subject to applicable laws, give preferential right
to subscribe for, and be allocated Offer Shares at the Subscription Price in the
Subsequent Offering. Each Eligible Shareholders will be granted 1.280414
Subscription Rights for each existing share registered as held by such Eligible
Shareholder as per the Record Date, rounded down to the nearest whole number of
Subscription Rights. Each whole Subscription Right provides a preferential right
to subscribe for, and be allocated, one Offer Share at the Subscription Price.
Oversubscription by Eligible Shareholders will be permitted. 

The Subscription Rights must be used to subscribe for Offer Shares before the
expiry of the Subscription Period on 24 January 2024 at 16:30 hours (CET).
Subscription Rights that are not used to subscribe for Offer Shares before 16:30
hours (CET) on 24 January 2024 will have no value and will lapse without
compensation to the holder.

Subscriptions for Offer Shares must be made by submitting a correctly completed
subscription form ("Subscription Form") to the Manager during the Subscription
Period, or may, for subscribers who are residents of Norway with a Norwegian
personal identification number (Nw. fødselsnummer), be made online through VPS
online subscription system. The Subscription Form and further instructions
regarding the subscription procedure will be available in the Prospectus. 

The Company has entered into a subscription undertaking with Sonstad AS,
pursuant to which Sonstad AS has committed to subscribe for and acquire
10,000,000 Offer Shares, and with the opportunity to subscribe for and acquire
an additional 20,000,000 Offer Shares, subject to there being, and to the extent
there are, any available Offer Shares not having been subscribed for by Eligible
Shareholders (whether pursuant to allocated subscription rights or
oversubscription). Allocation of Offer Shares will thus be made in accordance
with the following allocation hierarchy