NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR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 April 2026: Reference is made to the stock exchange announcement
published by Lokotech Group AS (the "Company") today, 15 April 2026, regarding
the last day of the exercise period for the 54,908,272 warrants (the "Warrants")
issued to the subscribers in the rights issue where the Company raised gross
proceeds of approx. NOK 139 million.
 
The exercise period for the Warrants expired at 16:30 (CEST) today, 15 April
2026. At the expiry of the exercise period, a total of 53,279,926 Warrants were
validly exercised and, consequently, a corresponding number of new shares (the
"New Shares") in the Company will be issued.
 
Notifications of allocated shares and the corresponding total exercise price to
be paid by each subscriber are expected to be distributed electronically through
the VPS on or about 16 April 2026. The payment for the New Shares to be issued
to the subscribers as a result of the exercise of Warrants falls due on 20 April
2026.
 
Subject to timely payment of the aggregate subscription amount for the New
Shares, the Company expects that the share capital increase pertaining to the
issuance of the New Shares will be registered with the Norwegian Register of
Business Enterprises (Nw. Foretaksregisteret) (the "NRBE") on or about 24 April
2026 and that the New Shares will be delivered to the VPS accounts of the
subscribers to whom they are allocated on or about 27 April 2026.
 
The New Shares issued upon exercise of Warrants will be listed on Euronext
Growth Oslo together with all other shares of the Company under ISIN
NO0010921299 and ticker code LOKO. The New Shares will be listed as soon as the
New Shares are fully paid, the share capital increase pertaining to the exercise
period has been registered with the NRBE, and the New Shares have been issued in
the VPS.
 
The New Shares may not be transferred or traded before (i) they have been fully
paid, (ii) the share capital increase pertaining to the New Shares has been
registered with the NRBE, and (iii) the New Shares have been issued in the VPS.
 
This information is subject to the disclosure requirements pursuant to the
Continuing Obligations and 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, Pareto Securities AS (the "Manager") 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 Manager 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, Singapore, South Africa, Japan or any other
jurisdiction where to do so would constitute a violation of the relevant laws of
such jurisdiction.