Ensurge Micropower ASA - Mandatory Notice of Trade for Primary Insiders

Oslo, 28 October 2021 Reference is made to the announcement by Ensurge Micropower ASA ("Ensurge" or the "Company") on 12 May 2021 regarding the issuance of incentive subscription rights to employees and directors in the Company ("Anti-dilutive Grants"), and further to the announcement on 28 October 2021 regarding the cancellation and forfeiture of a total of 4,283,638 incentive subscription rights in accordance with the terms and conditions resolved by the 2021 Annual General Meeting. As a result of the Company's cancellation of incentive subscription rights, primary insiders in Ensurge have forfeited incentive subscription rights as follows: On 28 October 2021, Kevin Barber, CEO of Ensurge, forfeited 1,771,748 incentive subscription rights in the Company without compensation. On 28 October 2021, David Williamson, acting CFO of Ensurge, forfeited 260,967 incentive subscription rights in the Company without compensation. On 28 October 2021, Arvind Kamath, EVP technology development & manufacturing in the Ensurge group, forfeited 679,100 incentive subscription rights in the Company without compensation. On 28 October 2021, Morten Opstad, board chair, forfeited 285,576 incentive subscription rights in the Company without compensation. On 28 October 2021, Preeti Mardia, board member, forfeited 142,788 incentive subscription rights in the Company without compensation. On 28 October 2021, Jon Castor, board member, forfeited 285,576 incentive subscription rights in the Company without compensation. On 28 October 2021, Kelly Doss, board member, forfeited 142,788 incentive subscription rights in the Company without compensation. The above transaction notices are all initial notifications. The name of the entity is Ensurge Micropower ASA, and the Company's LEI is 5493007QXMCG0WPKFC96. The ISIN of the Company's share is NO0010299068. The transactions were performed outside a trading venue. Contact Ståle Bjørnstad - Investor Relations E-mail: stale.bjornstad@ensurge.com Phone: +47 99 16 76 72 Kevin Barber - Chief Executive Officer E-mail: kevin.barber@ensurge.com This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.