On April 20th, 2023 The Annual General Meeting of Nordic Semiconductor ASA
approved the issue Restricted Stock Units (RSUs) and Performance Shares (PSUs)
of an aggregate nominal value of up to 1% of the company's outstanding share
capital. On March 20th, 2024, 903,000 RSUs and Performance Shares have been
granted, equivalent to 0.47% of the company's outstanding share capital. 

The Board of Directors has approved the grant, aimed at retaining and motivating
employees following a challenging year of cost optimization initiatives. The
grant covers all employees, with the exception of the executive management team.


The RSUs are set to vest in May 2025 and the shares will be delivered to the
employee at the vesting date against payment of the par value of the share
(contingent upon the employee's continued employment with the Company). The
shares may be newly issued shares or existing treasury shares. 

The PSUs are issued conditional upon the achievement of a certain set of
predefined objectives. The PSUs vest and will be delivered against payment of
the par value of the share upon the completion of the performance period, which
is until May 2025. If the target achievement is 100% or above, 100% of the
shares will be granted. 

Achievement of the set revenue objectives that fall between the target and 0
will result in a payout calculated by linear interpolation. For other specified
performance targets, payouts will be determined based on a comprehensive
evaluation of the achievement of the deliverables. However, regardless of
performance, the maximum payout is capped at 100%.

For further information, please contact:
Pål Elstad, CFO Nordic Semiconductor ASA Phone: +47 991 66 293
Ståle Ytterdal, SVP IR Nordic Semiconductor ASA Phone: +47 930 37 430

About Nordic Semiconductor: 
Nordic Semiconductor is a Norwegian fabless semiconductor company specializing
in wireless communication technology that powers the Internet of Things (IoT).
Nordic was established in 1983 and has more than 1500 employees across the
globe. Our award-winning Bluetooth Low Energy solutions pioneered ultra-low
power wireless, making us the global market leader. Our technology range was
later supplemented by ANT+, Thread and Zigbee, and in 2018 we launched our low
power, compact LTE-M/NB-IoT cellular IoT solutions to extend the penetration of
the IoT. The Nordic portfolio was further complemented by Wi-Fi technology in
2021. 

For more information go to www.nordicsemi.com 
This information is subject to the disclosure requirements according to §5-12 in
the Norwegian Securities Trading Act.