Sikri Holding AS: Grant of share options to management - primary insider notification

Oslo, 3 June 2021. Reference is made to Sikri Holding AS’ (“Sikri” or “the company”) stock exchange announcement on December 30, 2020, regarding the implementation of a share option program for management and key employees, and to the resolution made by the annual general meeting of Sikri on 27 May 2021 to authorize the Board of Directors of the company to grant share options to the new chairman of the Board. In accordance with this, the company has established a share option program for the new chairman of the Board, with similar terms as offered under the option program established in December 2020. Further to the above, the Board has resolved to grant 25,409 share options to the company’s new chairman, Torstein Harildstad, who is also a primary insider. The exercise price for this grant is set at NOK 89, corresponding to the market price of the Company's shares at the time the chairman accepted the role, and is subject to a 10% increase annually, first time 1 May 2022. The share options under this grant will vest with 1/3 on 1 May 2022, 1/3 on 1 May 2023 and 1/3 on 1 May 2024. Any vested share options under this grant must be exercised no later than on 30 April 2026. Following the grant, Torstein Harildstad holds 25,409 share options and 805 shares in Sikri. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation.