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

Oslo, 20 May June 2021. Reference is made to the resolution made by the annual general meeting of Sikri Holding AS (“Sikri” or “the Company”) on 27 May 2021 to authorize the Board of Directors of the company to grant share options to the chairman of the Board. In accordance with this, the company has established a share option program for the chairman of the Board. Further to the above, the Board has resolved to grant 25,409 share options to the Company’s chairman, Torstein Harildstad, who is also a primary insider. The exercise price for the 2022 grant is set at NOK 86, corresponding to the market price of the Company’s shares as of 19 May 2022, and is subject to a 10% increase annually, first time 1 May 2023. The share options under this grant will vest with 1/3 on 1 May 2023, 1/3 on 1 May 2024 and 1/3 on 1 May 2025. Any vested share options under this grant must be exercised no later than on 30 April 2027. Following the grant, Torstein Harildstad holds 51,808 share options, the right to 729 bonus shares under the 2021 ESPP and 2,991 shares in Sikri. There will be no further grants to the Company's chairman under the Option Program after the 2022 grant described above. The total number of shares in the Option Program is, after this grant, reduced from 77,712 to 51,808 share options. This information is subject to the disclosure requirements pursuant to the EU Market Abuse Regulation Article 19, section 5-12 of the Norwegian Securities Trading Act and Euronext Growth Oslo Rule Book II.