NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR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, 12 May 2025: Reference is made to the stock exchange announcements
published by Lokotech Group AS (the "Company"), 7 May 2025, regarding the
commencement of the subscription period in the partially underwritten rights
issue (the "Rights Issue") and allocation of tradable subscription rights
("Subscription Rights") to primary insiders and their close associates. Each
Subscription Right will, subject to applicable law, give the right to subscribe
for, and be allocated, one (1) new share ("Offer Share") in the Rights Issue at
a subscription price of NOK 0.3334 per Offer Share. Over-subscription with
Subscription Rights is allowed.

The Company has been informed that the following primary insiders of the Company
and their close associates have subscribed for Offer Shares in the Rights Issue
for a total amount of approx. NOK 4,725,325 as listed below: 

o	Prozium AS, a company closely associated with the CTO of the Company,
Christian Rustad, which has previously pre-committed for NOK 100,000 in the
Rights Issue, has subscribed for Offer Shares in the amount of NOK 100,020. 
o	Infigent AS, a company closely associated with CEO of the Company Ola Stene
Johansen, which has previously pre-committed for NOK 3,000,000 in the Rights
Issue, has subscribed for Offer Shares in the amount of approx. NOK 3,000,000. 
o	Black Monday Holding AS, a company closely associated with the chairman of the
board of directors of the Company, Yngve Bolstad Johansen, which has previously
pre-committed for NOK 500,000 in the Rights Issue, has subscribed for Offer
Shares in the amount of NOK 500,100. 
o	Ruben Gómez Morales, CEO of PowerPool SL, which has previously pre-committed
for NOK 100,000 in the Rights Issue, has subscribed for Offer Shares in the
amount of NOK 100,020. 
o	Susheel Raj Nuguru, board member of the Company, which has previously
pre-committed for approx. NOK 50,000 in the Rights Issue, has subscribed for
Offer Shares in the amount of NOK 100,000. 
o	Sator AS, a company closely associated with board member of the Company Henrik
Danielsen, which has previously pre-committed for NOK 300,000 in the Rights
Issue, has subscribed for Offer Shares in the amount of NOK 633,460. 
o	Wiktor Boguchwal Miesok, board member of the Company, which has previously
pre-committed for NOK 50,000 in the Rights Issue, has subscribed for Offer
Shares in the amount of NOK 100,020. 
o	Kjetil Westeng, board member of the Company, which has previously
pre-committed for NOK 25,000, has subscribed for Offer Shares in the amount of
NOK 25,005.
o	Christoffer Løvdal, board member of the Company, has subscribed for Offer
Shares in the amount of NOK 100,020. 
o	Henrik Danielsen, board member of the Company, has subscribed for Offer Shares
in the amount of NOK 66,680. 


Further, reference is made to the stock exchange announcement published by the
Company on 7 May 2025 regarding the allocation of 476,098 Subscription Rights to
Wiktor Boguchwal Miesok. The correct number is 793,496 Subscription Rights,
allocated to Wiktor Boguchwal Miesok on 7 May 2025. 

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian
Securities Trading Act.

Please see the attached forms for further detail of the primary insiders' and
their close associates' subscription of Offer Shares in the Rights Issue.

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.