NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.

Oslo, 15 May 2025: Reference is made to the previous stock exchange
announcements published by Lokotech Group AS (the "Company") regarding the
partially underwritten rights issue of between 374,925,009 new shares and
599,880,023 new shares in the Company (the "Offer Shares"), at a subscription
price of NOK 0.3334 per Offer Share, to raise gross proceeds of up to NOK 200
million (the "Rights Issue"), of which an underwriting consortium has agreed to
underwrite subscription of Offer Shares for gross proceeds of approx. NOK 125
million. 

The trading period in subscription rights in the Rights Issue (the "Subscription
Rights") with ticker "LOKOT" expires at close of trading today, 15 May 2025 at
16:30 (CEST). 

The subscription period for the Rights Issue (the "Subscription Period") expires
on 21 May 2025 at 16:30 (CEST).

Subscription Rights that are not used to subscribe for Offer Shares before the
expiry of the Subscription Period on 21 May 2025 at 16:30 (CEST) or not sold
before close of trading today, 15 May 2025 at 16:30 (CEST), will have no value
and will lapse without compensation to the holder upon expiry of the
Subscription Period. 

For more information, and the complete terms and conditions of the Rights Issue,
please refer to the prospectus dated 6 May 2025 (the "Prospectus"). The
Prospectus is, subject to local securities laws, available at the websites of
Pareto Securities AS and SpareBank 1 Markets AS (acting as managers for the
Rights Issue) at www.paretosec.com/transactions and
www.sb1markets.no/transaksjoner.  

This information is subject to the disclosure requirements pursuant to the
Continuing Obligations and to the disclosure requirements pursuant section 5-12
of the Norwegian Securities Trading Act.

For more information, please contact: 

CEO, Ola-Stene Johansen, email osj@lokotech.no 

IMPORTANT NOTICE 

These materials are not and do not form a part of any offer of securities for
sale, or a solicitation of an offer to purchase, any securities of the Company
in the United States or any other jurisdiction. Copies of these materials are
not being made and may not be distributed or sent into any jurisdiction in which
such distribution would be unlawful or would require registration or other
measures. 

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
Any sale in the United States of the securities mentioned herein will be made
solely to "qualified institutional buyers" (QIBs) as defined in Rule 144A under
the Securities Act, pursuant to an exemption from the registration requirements
under the Securities Act, as well as to major U.S. institutional investors under
SEC Rule 15a-6 to the United States Exchange Act of 1934, as amended. 

This communication contains certain forward-looking statements concerning future
events, including possible issuance of equity securities of the Company.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "believe", "expect", "anticipate", "strategy",
"intends", "estimate", "will", "may", "continue", "should" and similar
expressions. The forward-looking statements in this communication are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
The Company believes that these assumptions were reasonable when made. However,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors include the possibility that the
Company will determine not to, or be unable to, issue any debt, hybrid or equity
securities, and could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The Company does not make any guarantee that the assumptions
underlying the forward-looking statements in this announcement are free from
errors. The information, opinions and forward-looking statements contained in
this communication speak only as at its date and are subject to change without
notice. 

Each of the Company, the Managers and their respective affiliates disclaims any
obligation or undertaking to update, review or revise any statement contained in
this communication whether as a result of new information, future developments
or otherwise. Neither the Managers nor any of its affiliates makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any liability arising from the use of this announcement or
responsibility for the contents of this announcement or any matters referred to
herein. This announcement is for information purposes only and is not to be
relied upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company.
Certain figures contained in this announcement, including financial information,
have been subject to rounding adjustments. Accordingly, in certain instances,
the sum or percentage change of the numbers contained in this announcement may
not conform exactly with the total figure given. 

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
Specifically, neither this announcement nor the information contained herein is
for publication, distribution or release, in whole or in part, directly or
indirectly, in or into or from the United States (including its territories and
possessions, any state of the United States and the District of Columbia),
Australia, Canada, Hong Kong, Japan or any other jurisdiction where to do so
would constitute a violation of the relevant laws of such jurisdiction.